Government's pay-equity focus may fuel wage inflation after third-quarter spike
By Rebecca Howard Nov. 1 (BusinessDesk) - A $2 billion pay equity settlement pushed up wage inflation in the September quarter and pay pressure may continue to accelerate because the new government plans to dump a bill that would have stymied similar deals. The previous Na...
NZ third-quarter unemployment sinks to nine-year low, wage inflation accelerates
By Rebecca Howard Nov. 1 (BusinessDesk) - New Zealand's jobless rate fell to a nine-year low in September while the impact of $2 billion pay equity settlement for care and support works stoked wage inflation. The kiwi dollar jumped almost half a US cent. The unemployment r...
NZ Super Fund plans to take cornerstone stake in Fidelity Life
By Rebecca Howard Oct. 31 (BusinessDesk) - The New Zealand Superannuation Fund plans to take cornerstone stake of at least $100 million in Fidelity Life, the largest Kiwi-owned life insurer. If the necessary conditions are met, including changes to Fidelity Life's constitu...
NZ dollar falls with business confidence, soft Chinese, property buying curbs
By Rebecca Howard Oct. 31 (BusinessDesk) - The New Zealand dollar extended its decline after business confidence fell, Chinese data was softer than expected and Prime Minister Jacinda Ardern confirmed that foreign speculators will no longer be able to buy houses in New Zealand...
Prev
