
Market waiting on rate swaps probe
The Commerce Commission has missed its own deadline on whether it will file court action against three banks involved in its interest rate swaps probe.
The Commerce Commission has missed its own deadline on whether it will file court action against three banks involved in its interest rate swaps probe.
Debt collectors and repo men need to clean up their act says the Commerce Commission, which next year gets new powers to directly crack down on shoddy practices.
More than 800 customers of a consumer loans company will get back $3.3 million after they were overcharged for interest and fees.
The former egg producer whose packaging scam put the spotlight on the NZ industry is predicting a huge drop in the availability of free-range eggs on supermarket shelves.
An egg producer who made hundreds of thousands of dollars from more than 206,000 dozen falsely labelled eggs has been sentenced to home detention.
Parking giant Wilson is under investigation by the Commerce Commission for its signs, pricing and contract terms.
Productivity Commission extols more competition and adopting cloud computing.
Internet companies will enjoy a reduction in some of their wholesale costs in December but aren't committed to passing on these savings directly to consumers then.
The Commerce Commission and Swiss air freight company Kuehne + Nagel have agreed it should be penalised $3.1m for "hardcore cartel conduct" deliberately hidden using gardening codewords and ran for five years, the High
Wood products group Carter Holt Harvey has been slammed with a $1.85m fine for price fixing after admitting its part in anti-competitive activity.
Carter Holt Harvey has agreed with the Commerce Commission that it should pay a $1.85m penalty for its part in a timber price fixing cartel with a division of Fletcher Building.
Labour MP Shane Jones says he feels vindicated by the Commerce Commission's decision to formally investigate allegations he has made.
Labour MP Shane Jones uses parliamentary privilege to slam extortion and "dingo culture" of Australian supermarket chains. But Countdown head rejects claims.
Slingshot marketers used login codes to access a Telecom database to improperly switch over customers without their consent.
A full report on how internet price cuts will affect Chorus' ability to complete its leg of the ultra-fast broadband scheme will be released next week.
Chorus' reputation and NZ's as a place to invest has been "severely tarnished", the embattled infrastructure company's chairwoman has told shareholders.
The Govt is to review legislation around the Commerce Commission following its ruling to cut wholesale copper based internet prices, Finance Minister Bill English says.
Chorus shares have continued to tumble to a new low this morning - on the back of 35.5c fall last week.
NZ can look forward to cheaper broadband or higher data caps after National was yesterday left with no mates in Parliament to support its proposal to override price cuts.
Communications Minister Amy Adams has hired Ernst & Young Australia to investigate Chorus's financial position after the Commerce Commission ordered price cuts to the network operator's copper lines.
Chorus is trailing behind other ultra-fast broadband network builders in speed tests, says TrueNet.