Business News

Fear foreign auditors may bypass watchdog
Accountants are concerned new legislation covering auditors leaves a regulatory gap for rogue Australian firms to operate in this country.
Construction forecast one of recovery
The sickly house building sector will grow 25 per cent this year compared with last year's figures and a further 31 per cent in 2013, according to a bank forecast.
Civic value content lost in action
On the last business day of 2011, and after four years of nationwide broadcasting, Stratos Television founder and chief executive Jim Blackman announced he was pulling the channel off air.
Tiwai expects to shed 100 jobs in 5 years
About 100 jobs at the Tiwai aluminium smelter are expected to go during the next five years.
Ebook venture inspires children
Wellington start-up 8interactive is using modern technology to inspire in children the age-old love of reading.
Couple 'sabotaged' by council reaction
The owners of an earthquake-hit Sumner wine shop say they felt "sabotaged" by the Christchurch City Council while trying to open a temporary bar in the area.
Transport firm fined after worker crushed
A Wellington transport company has been fined $30,000 after a worker was crushed by a massive concrete slab, leaving him with serious injuries.
Z Energy warns on investment
Z Energy, owner of Shell petrol stations, is warning plans to invest $40 million in new storage facilities could be in doubt if the industry continues to charge less than what it says are "economically sustainable" prices.
New guide changes what fish we put on the table
The best pilchard? The one on a hook that's just been swallowed by a snapper.
Huljich asset sells at loss
A private investment company ultimately owned by family trusts associated with Auckland businessman Peter Huljich and the Minister of Small Business, John Banks, is selling its holding in a large Northland property syndicate at a loss.
A clean bill of wealth
The world economy may be creaking, but one sector – cleantech – is booming.
Mounting cost of coping with mental illness
Mental health is becoming a significant issue for New Zealanders.
Hopes high for Canterbury start-ups
Christchurch business incubator powerHouse has ambitious plans to create 50 multimillion-dollar international companies in Christchurch by 2020.
Crafar sale may hinge on point of law
The Crown Law Office has told the High Court at Wellington that Shanghai Pengxin owner Jiang Zhaobai could not have got high up on China's rich list "by accident" and ministers had the right to take that into account when they approved the sale of Crafar Farms to the Chinese firm.
Airport build a boost for Christchurch
Christchurch International Airport is just days away from opening the next significant stage of its nearly $240 million integrated terminal project – customers arriving on jets will soon get to see the smooth lines of a new arrivals space and striking Kiwi artwork.
Fyfe can 'write his own ticket'
Air New Zealand chief executive Rob Fyfe is leaving the airline and while his destination is unknown, he is in demand.
Chinese firm gets nod to buy land
Chinese majority-owned dairy business Synlait Milk has been given the green light by the Overseas Investment Office (OIO) to buy the land on which its factory rests for about $1.1 million.
Fyfe's finale victim of economic headwinds
Air New Zealand has not achieved its growth forecasts set by outgoing chief executive Rob Fyfe, but the airline has outperformed nearly all competitors through the global financial crisis, an analyst says.
No redundancy for 180 Criterion staff
The 180 staff out of a job following the collapse of furniture maker Criterion will receive no redundancy pay, says the manufacturing workers' union, the EPMU.
To DIY or not?
I'd like to think I'm handy with a hammer, and since becoming a homeowner there have been plenty of projects to keep me occupied

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