ACC will refund more than 300,000 business customers $100 million plus accrued interest after overcharging them for 15 years.
Dairy product prices declined at the Global Dairy Trade auction as whole milk powder sustained its downward trend amid greater supply.
Dairy product prices fell at the Global Dairy Trade auction as whole milk powder continued its slide amid increased supply.
Fonterra Cooperative Group has cut its forecast payout to farmers by 25 cents per kilogram of milk solids, blaming increased supply in Europe and the Americas, and appetite for dairy products in...
Fairfax Media Group more than halved the value of its Kiwi assets, attaching just $44 million to mastheads that were once the core of a billion dollar investment.
The Government is doubling to nearly $500 million the funding for forestry planting from its Provincial Growth Fund, meaning one-sixth of the $3 billion, three-year fund will be spent on trees.
Fonterra says it does not expect to pay a final dividend this year in an effort to bolster its balance sheet and has trimmed its milk price forecast to $6.70.
Reserve Bank governor Adrian Orr has kept the official cash rate at 1.75% as widely expected but says he now expects to keep rates on hold for at least a year longer than previously thought.
Cabinet will consider whether government ministries should take a longer-term approach to construction negotiations after Ebert Construction was tipped into receivership, sparking wider concerns...
The Crown will appeal a High Court's decision that the Government was negligent in allowing Psa, the virus which devastated the kiwifruit industry, into the country.
The Commerce Commission has filed proceedings against Wilson Parking, alleging it substantially lessened competition for the supply of car parks in central Wellington.
Farm sales fell 7% on the year in the three months to June and the median price per hectare was down 16.3%, although horticulture farm prices continued to push higher, figures show.
Dairy product prices fell at the Global Dairy Trade auction, as slides in rennet casein and butter outweighed a surprise gain in whole milk powder.
Successful claimants in the kiwifruit lawsuit against the Government for negligence in allowing the devastating Psa virus into NZ say they concur with acting PM Winston Peters' estimate of up to $800m of Crown liability.
Michael Hill International says it plans to close the remaining six stores of its Emma & Roe chain as well as the sub-brand's online business at a total cost of no more than $3.1 million.
Retirement village operators are disappointed that the select committee considering the Overseas Investment Amendment Bill did not exempt them from having to get approval before buying sensitive or...
Dairy product prices fell at the Global Dairy Trade auction, as whole milk powder slid amid data showing NZ's processors collected record levels of milk in recent months.
New Zealand milk processors collected record levels of milk in the last two months of the 2017/18 season as favourable weather boosted pasture growth.
Dairy product prices fell at the Global Dairy Trade auction, as whole milk powder slid amid higher-than-anticipated supply.
A new taskforce is to recommend changes to the Holidays Act 2003 in a bid to unravel the legislation's complexity to cope with a fast-changing labour market.