Inspectors: Filter blew off apparatus before plant explosion

MADISON, Wis. (AP) — Federal safety inspectors say an air filter blew off a corn grinding device shortly before a deadly explosion demolished a southern Wisconsin corn mill last summer.Officials with the U.S. Chemical Safety and... Source: NZ Herald Business News

By | April 30th, 2018|Business|0 Comments

Editorial: Government has a chance to think bigger

As spending pressures mount on the Government, calls to relax its pre-election promises around fiscal responsibility are growing.Specifically, questions are being asked about the need to keep pushing down Crown debt levels.National... Source: NZ Herald Business News

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NZ needs to avoid potholes in China's Belt and Road Initiative

New Zealand's preferential position in the Chinese market is at risk unless we actively pursue our place in its epic Belt and Road Initiative, says a report by PWC.Commissioned by the New Zealand China Council, Belt and Road Initiative... Source: NZ Herald Business News

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Comment: No business too small to treat people with dignity

New Zealand is a funny old place. We're good at laughing at ourselves and our occasionally cringe-worthy "small country syndrome". At the same time, we're proud of our outstanding achievements on the sports field, and punching above... Source: NZ Herald Business News

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Government announces further tax for Kiwis buying low-value goods online

The Government is set to announce further measures today to collect 15 per cent GST on low-value goods bought by Kiwis online from overseas, a so-called "Amazon tax."The tax will be on anything under $400. Anything above $400 already... Source: NZ Herald Business News

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Sainsbury's agrees to buy Walmart Inc.'s British unit Asda for 7.3 billion pounds ($10.1 billion) in cash and stock

LONDON (AP) — Sainsbury's agrees to buy Walmart Inc.'s British unit Asda for 7.3 billion pounds ($10.1 billion) in cash and stock. Source: NZ Herald Business News

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Gagged ex-director takes Fonterra board to court

Gagged former Fonterra director Leonie Guiney has filed defamation proceedings against the Fonterra board of directors but is not seeking damages, says her lawyer.Instead Guiney will seek a declaration vindicating her name and... Source: NZ Herald Business News

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Revelations about BP petrol prices give more impetus for law changes, Jacinda Ardern says

New Zealanders are right to feel they are being unfairly treated after revelations about how BP sets its petrol prices, Prime Minister Jacinda Ardern says."Certainly what's been revealed today probably wouldn't surprise some motorists,"... Source: NZ Herald Business News

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New Zealand shares rally across the board

New Zealand shares rallied across the board, with Mercury New Zealand and Kiwi Property Group leading the index while Scales Corp and Comvita dropped.The S&P/NZX 50 Index gained 73.21 points, or 0.9 per cent, to 8,443.58. Within... Source: NZ Herald Business News

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New Zealand dollar steady as traders await US Fed meeting

The New Zealand dollar stuck to a tight range in thin trading with Japan on holiday but traders expect the market will pick up as US data rolls out and the Federal Reserve meets this week.The Kiwi dollar traded at US70.77c at 5pm... Source: NZ Herald Business News

By | April 30th, 2018|Business|0 Comments