Business

Business stories

IRD given extra powers

Auckland New Zealand's Inland Revenue Department will get tougher powers to demand overseas information from unco-operative multinational companies under a new law aimed at discouraging...

Hallenstein profit may rise 50%

Wellington Hallenstein Glasson Holdings says trading so far this financial year suggests first-half profit may rise by more than 50%. Sales increased 16% in the first...

House sales up 17%

Wellington New Zealand's housing market has continued to show signs of life, with the number of properties sold up 17.8% in November. But the figures were...

Chinese giant buying Trilogy

Wellington Chinese investment manager CITIC Capital Partners has offered $211 million to buy NZX-listed skincare company Trilogy International at a 28% premium. Auckland-based Trilogy said it has...

TSB refunds overcharged customers for break fees

Auckland Taranaki-headquartered TSB Bank is repaying customers it overcharged when they ended their loan agreements early. The bank made three errors in the way it calculated...

Santa rally keeps investors happy

Jeremy Flood of Craigs Investment Partners The "Santa rally" appears to have arrived this week, with most markets rising. December is traditionally the best month of the...

Few aware of Kiwisaver fate in divorce, death, disaster

Christchurch Not many people seem to know what happens to their Kiwisaver in the event of divorce, death or a disaster, according to a Westpac...

Farming confidence plummets

Dunedin Rural confidence has plummeted from its record highs, driven by farmers' political concerns over the change of government and commodity market falls. Net confidence has...

Young Farmer winners

West Coast Young Farmer district winners, Jennifer Marshall, of Taramakau Settlement, who placed third, Andrew Wiffen, of Chesterfield, who finished first and Mitchell Kersten,...

Water storage review under way

Wellington The Ministry for Primary Industries and Crown Irrigation Investments Ltd are reviewing the previous Government's mechanism for funding water storage schemes to figure out...
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