NZ dollar rises on strong domestic exports, Trump comments on Powell

The New Zealand dollar firmed on strong domestic trade data and after the greenback lost further ground when US President Donald Trump asserted that he has the power to remove the head of the US Federal Reserve. The kiwi was trading... Source: NZ Herald Business News

By | June 25th, 2019|Business|0 Comments

ERA risks setting pay rates employer's can't afford – lawyer

An employment law expert is warning of unintended consequences as recent changes to the Employment Relations Act could see more collective agreements imposed on employers.This comes after the Employment Relations Authority set collective... Source: NZ Herald Business News

By | June 25th, 2019|Business|0 Comments

Small and medium-sized businesses investing 'more time than they should' in ventures

Being a small business owner is no easy feat but new research reveals the realities and long hours owner-operators spend on their business.Research commissioned by small business lending company Prospa shows close to fifty per cent... Source: NZ Herald Business News

By | June 25th, 2019|Business|0 Comments

Milfos to pay $925,000 in price-fixing case

Milk testing technology firm GEA Milfos International will pay $925,000 in penalties and costs after admitting that it fixed prices on milk sensors with rival Dairy Automation.In the High Court in Auckland last Thursday, Justice... Source: NZ Herald Business News

By | June 25th, 2019|Business|0 Comments

Opinion: Intriguing tax battle set to continue

While capital gains tax has been the big tax talking point so far in 2019, there is an equally important development to follow later this year or next in relation to what may amount to tax avoidance.A tax dispute between Inland... Source: NZ Herald Business News

By | June 24th, 2019|Business|0 Comments

All or nothing: Behemoth Brewing's final push for equity crowdfunding

Slowly but "churly", Behemoth has been raising the money it needs to open its bar and brewery in Andrew Child's dream premises on Dominion Rd, in Auckland. It just needs a little bit more money … or it gets nothing.Behemoth's... Source: NZ Herald Business News

By | June 24th, 2019|Business|0 Comments

Mitre 10 workers win major ERA decision

The Employment Relations Authority has set wages in an unresolved collective bargaining agreement for the first time. FIRST Union members employed by Mitre 10 Mega in Dunedin and Mosgiel have won what is being described as a living... Source: NZ Herald Business News

By | June 24th, 2019|Business|0 Comments

Deposit protection reduces case for RBNZbank capital increase, Robertson says

A bank deposit protection scheme may help defuse the battle between the Reserve Bank and the country's biggest trading banks over how much extra capital they should have to hold on their balance sheets, Finance Minister Grant Robertson... Source: NZ Herald Business News

By | June 24th, 2019|Business|0 Comments

ANZ refuses to provide details on Hisco house valuations

ANZ is sticking to its guns and refusing to disclose more information about the luxury house it sold to the wife of former chief executive David Hisco who has been ousted over an expenses scandal.It emerged on Friday that a St Heliers... Source: NZ Herald Business News

By | June 24th, 2019|Business|0 Comments

Deposit insurance coming, RBNZ keeps prudential supervision

Finance Minister Grant Robertson wants to keep prudential supervision under the Reserve Bank's purview and plans to introduce deposit protection to bring New Zealand into line with other developed nations. Cabinet today signed off... Source: NZ Herald Business News

By | June 24th, 2019|Business|0 Comments