Waihi gold mining 'inherently unsustainable' - Sage
By Gavin Evans | Wed, 08 May 2019
By Gavin Evans May 8 (BusinessDesk) - Expansion of gold mining at Waihi is inherently unsustainable, will increase emissions, and will provide only moderate employment benefits relative to winding...
'Toothless' or ' alarming' - reaction to the Zero Carbon Bill
By Pattrick Smellie | Wed, 08 May 2019
By Pattrick Smellie May 8 (BusinessDesk) - Reactions to the net zero carbon emissions legislation released today range from Greenpeace attacking it as "toothless" and "miserly" to Federated Farmers...
Govt unveils long-awaited zero carbon law, takes ‘split gas’ approach on methane
By Pattrick Smellie | Tue, 07 May 2019
By Pattrick Smellie May 8 (BusinessDesk) - After months of cross-parliamentary wrangling, the government this morning unveiled its long-awaited draft legislation that will guide New Zealand to its...
New book says South Canterbury Finance receivership was bungled
By Jenny Ruth | Tue, 07 May 2019
By Jenny Ruth May 8 (BusinessDesk) - McGrathNicol has been accused of mismanaging the South Canterbury Finance receivership by selling its assets too fast at fire-sale prices and charging outsized...
UPDATE: Huawei calls for talks with GCSB minister on 5G
By Nikki Mandow | Mon, 06 May 2019
(Adds GCSB comment from 20th paragraph) By Nikki Mandow May 6 (BusinessDesk) - Huawei has vigorously defended its right to be part of New Zealand’s 5G mobile network build at the China Business...
Goodman trust won't adopt new NZX rules for managed funds
By Jenny Ruth | Sun, 05 May 2019
By Jenny Ruth May 6 (BusinessDesk) - Goodman Property Trust’s manager says that it won’t be adopting new NZX rules for managed investment schemes but will remain subject to the rules applying to mo...
CORRECT: The story behind the collapse of Allan Hubbard's financial empire
By Jenny Ruth | Sun, 05 May 2019
(Corrects details of Humphry Rolleston's sale of his company to Southbury in par 13) By Jenny Ruth May 6 (BusinessDesk) - Government officials wrongly decided after a flying visit to his Timaru...
Class action against Southern Response gains Aussie funder
By Jenny Ruth | Sun, 05 May 2019
By Jenny Ruth May 6 (BusinessDesk) - About 3,000 Canterbury residents who believe they were short-changed in their insurance settlements with Southern Response now have the backing of an Australian...
US earnings season adds weight to Fed's up-beat view
By Jenny Ruth | Sun, 05 May 2019
By Jenny Ruth May 6 (BusinessDesk) - Corporate America is adding weight to the Federal Reserve's upbeat view of the US economy with about three-quarters of the S&P 500 Index companies that have rep...
Govt blocks land sale for Waihi tailings expansion
By Gavin Evans | Fri, 03 May 2019
By Gavin Evans May 3 (BusinessDesk) - Miner OceanaGold has had its bid to buy land for a new tailings dam near its Waihi mine turned down by the government. The ASX-listed firm, New Zealand’s bi...
UPDATE: ANZ warns farmers RBNZ intervention may mean higher borrowing costs
By Jenny Ruth | Fri, 03 May 2019
(Updates with comment from Mark Hiddleston from 12th par) By Jenny Ruth May 3 (BusinessDesk) - ANZ Bank has warned its farming customers they face higher borrowing costs almost immediately due t...
CORRECT: Overseas buyers missing in action, building consents dip in March
By Rebecca Howard | Thu, 02 May 2019
(Fixes incorrect percentage change for actual building consents in 10th paragraph) By Rebecca Howard May 2 (BusinessDesk) - Overseas buyer activity fell off a cliff in the first quarter of the y...