Young New Zealanders face higher taxes, fewer entitlements to pay for pensions, FSC says
Sun, 10 Jun 2012
June 11 (BusinessDesk) - Young New Zealanders won't be able to access universal superannuation the country current enjoys without facing significantly higher taxes, or cutting the pension's entitleme...
Opus International JV wins 7-year roading contract with UK’s Hertfordshire council
Sun, 10 Jun 2012
June 11 (BusinessDesk) - Opus International Consultants, the Wellington-based engineering consultancy, has won a seven-year contract for road management services to the UK’s Hertfordshire County Coun...
World Week Ahead: Spanish rescue, Greek vote
Sun, 10 Jun 2012
By Margreet Dietz June 11 (BusinessDesk) - Europe has agreed to help Spain by providing as much as 100 billion euros to bail out the nation's bleeding banks in the fourth—and largest—euro zone membe...
NZ dollar gains as Europe agrees to 100 bln euro deal for Spanish banks
Sun, 10 Jun 2012
By Hannah Lynch June 11 (BusinessDesk) - The New Zealand dollar gained more than half a US cent after European policymakers agreed to a 100 billion euro rescue package for Spain's struggling banks, s...
MARKET CLOSE: NZ shares fall; Telecom departs NYSE, Steel & Tube gains
Fri, 08 Jun 2012
June 8 (BusinessDesk) – New Zealand shares fell, paced by Telecom as the biggest company on the bourse said it would delist its NYSE-traded American depositary receipts and that it would meet profit g...
NZ dollar falls as Bernanke shies off QE3, saps investor optimism
Fri, 08 Jun 2012
By Paul McBeth June 08 (BusinessDesk) - The New Zealand dollar ended a five-day rally as US Federal Reserve chair Ben Bernanke shied away from hinting at injecting more stimulus into the world's bigg...
Warehouse granted approval to delist from ASX
Fri, 08 Jun 2012
By Hannah Lynch June 08 (BusinessDesk) - Warehouse Group, the biggest retailer on the NZX 50 Index, has been given approval to delist from the Australian stock exchange after high costs forced it to...
NZ businesses could face GST on late fees under amended tax bill
Fri, 08 Jun 2012
By Hannah Lynch June 08 (BusinessDesk) - New Zealand businesses would face “effectively a new tax” as a result of the finance and expenditure committee’s tweaks to a tax bill that impose goods and se...
NZ puts 23 oil and gas exploration permits up for tender
Fri, 08 Jun 2012
By Hannah Lynch June 08 (BusinessDesk) - The Ministry of Economic Development has put 23 exploration blocks, mainly offshore, up for tender in its annual tender round. The government department is l...
Traders less certain NZ will follow Australia and cut rates; no change seen at next OCR review
Fri, 08 Jun 2012
By Jonathan Underhill June 08 (BusinessDesk) - Traders have pared their bets that the Reserve Bank of New Zealand will follow Australia in cutting interest rates though global risks, especially Europ...
Telecom affirms second-half guidance as cost cutting offsets increased rivalry
Thu, 07 Jun 2012
June 8 (BusinessDesk) – Telecom, the biggest company on the NZX 50 Index, affirmed its second-half guidance, saying cost cutting and lower borrowing costs have helped keep earnings on track even as co...
MARKET CLOSE: NZ shares rise on upbeat Australian view; Westpac, Pumpkin Patch gain
Thu, 07 Jun 2012
June 07 (BusinessDesk) - New Zealand shares rose, led by companies exposed to the Australian economy after strong jobs and economic growth data lifted companies that get revenue across the Tasman. Pum...