Treasury urges govt not to rush on tax review, supports Reserve Bank PTA changes
By Sophie Boot Dec. 7 (BusinessDesk) - The Treasury warned the government's planned review of the tax system will be too rushed and suggested it extend the timeframe along with other reviews of New Zealand's monetary and fiscal policy settings. Last month, the government an...
NZ wholesale trade up for 6th consecutive quarter, though vehicle sales dip
By Sophie Boot Dec. 7 (BusinessDesk) - New Zealand wholesale trade continued to increase in the third quarter, its sixth consecutive quarterly rise, though gains in most industries were partly offset by vehicle sales dipping from recent highs. Seasonally adjusted sales gain...
MARKET CLOSE: NZ shares fall, Synlait and Tegel drop while Scales hits record
By Sophie Boot Dec. 6 (BusinessDesk) - New Zealand shares fell with Synlait Milk and Fletcher Building leading the index down, and Tegel Group plunging on its earnings report, while Scales Corp hit a record on intraday trading. The S&P/NZX50 Index dropped 45.35 points, or 0...
ComCom to get market studies powers by end of 2018 after further information on petrol pricing
By Sophie Boot Dec. 6 (BusinessDesk) - The government has asked the Ministry of Business, Innovation and Employment to further investigate fuel prices and is looking to increase the Commerce Commission's market studies powers by the end of next year after getting more informat...
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