McGrathNicol has been accused of mismanaging the South Canterbury Finance receivership by selling its assets too fast at fire-sale prices and charging outsized fees.
Dairy product prices inched higher at the Global Dairy Trade auction, rising for the 11th straight time, even as whole milk powder posted a third consecutive decline.
Mainzeal's liquidators want to double the amount of compensation the failed firm's directors - in particular chair Dame Jenny Shipley - were ordered to pay.
Dairy product prices rose at the Global Dairy Trade auction, increasing for the eighth consecutive time, as dry weather conditions are weighing on supply.
Fonterra has raised its forecast payout to farmers on rising Asian demand but has canned its interim dividend due to the increased cost.
Prime Minister Jacinda Ardern said New Zealand's economy remains "relatively strong" but warned that slowing global growth will have an impact.
Dairy product prices rose at the Global Dairy Trade auction, moving higher for the fifth consecutive time.
The Commerce Commission wants more transparency from Fonterra Cooperative Group, saying the dairy processor hasn't met its commitments to be more forthcoming.
Dairy product prices rose at the Global Dairy Trade auction, stemming a decline that began in May.
New Zealand's pension age is an "historical artefact" that should be reviewed because it risks transferring money from the working poor to the relatively rich.
Dairy product prices fell at the Global Dairy Trade auction, spurred by slides in butter and anhydrous milk fat that were the biggest in about two years.
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...