The Commerce Commission is pressing ahead with its review of wholesale broadband pricing but the most affected company, Chorus, believes a pause in proceedings is the most pragmatic option.
The Government has fallen into a commercial trap set and sprung by resource giant Rio Tinto during negotiations on electricity contracts for the Tiwai Point aluminium smelter, Labour state-owned enterprises (SOE) spokesman, Clayton Cosgrove, said yesterday.
Commerce Minister Craig Foss yesterday released new disclosure rules that he said would give New Zealanders better information to compare KiwiSaver funds.
Employement confidence around New Zealand is falling, a possible sign that people in most parts of the country are starting to feel nervous about the effects of the drought.
Confidence about where the economy will be in a year's time has fallen substantially, according to the latest BNZ survey released yesterday.
Changes being brought in today to KiwiSaver and the repayment of student loans will have positive effects for young people, Forsyth Barr superannuation specialist Damian Foster says.
Telecom expects to cut up to 1230 jobs by the middle of the year and brokers say the speed of change from the listed company since new chief executive Simon Moutter was appointed is a surprise.
Simon Molloy, HP market development manager for business notebooks, is a busy man. He carries three devices, the latest being the new ElitePad 900, as he demonstrates to business customers how the new device can help their business operations. He found time to sit down in Auckland with business editor Dene Mackenzie.
A neutral decision by the Environment Court could mean Bathurst Resources can finally proceed with its Escarpment Mine project on the West Coast's Denniston Plateau.
Political grandstanding about the outcome of electricity contract negotiations between Meridian Energy and Pacific Aluminium is masking the possible effects on the Invercargill community.
Hellaby Holdings has targeted institutions in its $50 million capital raising which the company said yesterday would position it for future growth and broaden the shareholder register.
Queenstown Airport continues to thrive under the partial ownership of Auckland International Airport, with both domestic and international arrivals up during February.
The Reserve Bank is suggesting banks carry more capital cover on their balance sheets for high loan-to-value ratio (LVR) mortgages, but Craigs Investment Partners broker Chris Timms said the ratio was not specific enough.
A trade surplus last month caught most observers by surprise but the drought is likely to take the shine off export volumes in the months ahead. Activity in Christchurch as rebuilding gathers speed is also likely to mean more demand for imports, tipping the monthly trade surplus into a deficit within two or three months.
Pumpkin Patch Pumpkin Patch announced a weaker-than-expected result for the first half, driven by subdued trading conditions in Australia and New Zealand and a one-off impact from the late delivery of summer inventory.
Doubts about the stimulatory effect of the Christchurch rebuild on the economy will now be dispelled after a strong economic growth in the three months ending December, Westpac chief economist Dominick Stephens says.
The New Zealand Superannuation Fund reached a month-end high of $22 billion in February after returning 1.31% in the month.
New Zealand's Open Bank Resolution would ensure a rapid and orderly resolution of a collapsed bank but is different from proposals put to Cyprus, Reserve Bank deputy governor Grant Spencer says.
More than 400,000 New Zealanders had pre-registered their interest in Mighty River Power shares by yesterday, as the Labour Party continued its criticism of the partial sell-down of the state-owned power-generation asset.
Signs are emerging that Dunedin's residential construction industry has already ramped up sufficiently to rectify the shortage that has built up, Westpac chief economist Dominick Stephens says.
