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Tiwai Point smelter faces multi-million dollar back pay bill after losing appeal
By Pattrick Smellie Feb. 22 (BusinessDesk) - New Zealand Aluminium Smelters, operator of the Tiwai Point smelter, has lost its Court of Appeal bid to overturn an Employment Court decision on payment for statutory holidays that fell on a weekend which it has said could cost $20...
APN seeks adjournment in case challenging IRD finding of tax avoidance
By Fiona Rotherham Feb. 22 (BusinessDesk) - Australian publisher APN News and Media, publisher of the New Zealand Herald newspaper, has sought to adjourn its High Court challenge to an Inland Revenue Department finding it avoided paying tax in through arrangements with its New...
NZ dollar gains as Asian stocks rally on improving investor sentiment
By Paul McBeth Feb. 22 (BusinessDesk) - The New Zealand dollar gained, joining a rally in risk-sensitive assets, as stocks across Asia rose on improving investor sentiment. The kiwi rose to 66.48 US cents at 5pm in Wellington from 66.34 cents at 8am and 66.29 cents on Frid...
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