Govt delays upgrade of weak and unclear whistleblower law
By Nikki Mandow | Wed, 08 May 2019
By Nikki Mandow May 9 (BusinessDesk) - Changes to whistleblower legislation to make it easier for employees to report everything from bullying to fraud have been delayed. This also pushes back move...
Economists say more RBNZ rate cuts are coming
By Rebecca Howard | Wed, 08 May 2019
By Rebecca Howard May 8 (BusinessDesk) - The Reserve Bank of New Zealand cut rates by 25 basis points to a record low 1.5 percent and economists expect it to cut again. Changes to the central b...
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...
UPDATE: NZ central bank cuts rates, signals more to come
By Rebecca Howard | Wed, 08 May 2019
(Adds detail throughout) By Rebecca Howard May 8 (BusinessDesk) - The Reserve Bank cut the official cash rate by 25 basis points to a record low of 1.5 percent and signaled more cuts to come. Th...
NZ central bank cuts rates, signals more to come
By Rebecca Howard | Wed, 08 May 2019
By Rebecca Howard May 8 (BusinessDesk) - The Reserve Bank cut the official cash rate by 25 basis points to 1.5 percent and signaled more cuts to come. The New Zealand dollar fell. "The Monetary...
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...
Chch councillors rue govt funding pullback in successful $2.2B SCIRT programme
By Paul McBeth | Mon, 06 May 2019
By Paul McBeth May 7 (BusinessDesk) - Christchurch city councillors were left ruing central government's decision to dial back its share of the largely successful $2.24 billion programme to rebuild...
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...
Reserve Bank's rate cut decision on a knife edge
By Rebecca Howard | Sun, 05 May 2019
By Rebecca Howard May 3 (BusinessDesk) - Will New Zealand's new monetary policy committee opt to cut or will it hold? Markets are split, as are economists with Westpac Bank saying the decision is "...
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...