All News

Yen, gold gain, stocks drop as prospects of Trump presidency unsettle markets

Yen, gold gain, stocks drop as prospects of Trump presidency unsettle markets

By Sophie Boot Nov. 9 (BusinessDesk) - The yen strengthened and gold rose, while stock markets fell as US presidential election results showed the possibility of a win by Donald Trump, sending investors to so-called safe haven assets. The S&P/NZX 50 Index fell 2.4 percent t...

Sophie Boot 09 Nov 2016
IRD delayed multinational tax crackdown due to private sector, investment concerns

IRD delayed multinational tax crackdown due to private sector, investment concerns

By Sophie Boot Nov. 9 (BusinessDesk) - New Zealand has delayed cracking down on multinational tax avoidance due to private sector concerns over timing and concerns about "scaring away" foreign investment, the Inland Revenue Department says. Wide-ranging reforms to corporate...

Sophie Boot 09 Nov 2016
Mercer to buy automation firm Haden & Custance for $2.25M

Mercer to buy automation firm Haden & Custance for $2.25M

By Paul McBeth Nov. 9 (BusinessDesk) - Mercer Group plans to buy Hastings-based Haden & Custance for $2.25 million as the unprofitable stainless steel fabricator transitions to a food processing and packaging business.  The Christchurch-based company entered into a conditio...

Paul McBeth 09 Nov 2016