Govt in surplus as tax fills coffers
The Government has reported an unexpected operating surplus in the 10 months through April as the Crown's tax coffers were bolstered by a bigger inflows.
The Government has reported an unexpected operating surplus in the 10 months through April as the Crown's tax coffers were bolstered by a bigger inflows.
MPI forecasts revenue from primary industries will drop to $35.2 billion in the year to June.
Despite speculation about its future in NZ, Origin Energy says it's committed to its investment in Contact Energy.
Pumpkin Patch's failure to find a buyer or white knight investor is a bad sign for the struggling children's clothing business, says an analyst.
New Zealand's wholesale trade shrank in the first three months of the year with a decline in goods derived from the primary sector leading the contraction.
Rakaia-based Synlait Milk has issued a low farmgate milk price for the current season but managing director John Penno says he expects prices to start improving by early next year.
New Zealand's largest agriculture expo kicks off tomorrow with the spotlight on innovation in the agritech sector.
New Zealand shares rose yesterday as investors shrugged off the prospect of higher global interest rates, and bought property stocks.
Pumpkin Patch shares are tumbling today as investors digest the firm's decision to abandon plans to find a buyer.
Fisher & Paykel Healthcare reported yet another record full-year profit last Friday, justifying Craigs' consistently bullish view.
Restaurant Brands increased its FQ sales 15pc as revenue jumped at KFC, and it added more Carl's Jr stores.
Wall St higher overnight amid optimism Greece will reach a deal with international creditors soon.
Surging Auckland house prices would put New Zealand's lenders at risk if there was a significant downturn.
Wall St is taking bitcoin seriously, which may surprise those who have followed the electronic currency's decline.
North Korea wants your money and has released a promotional video touting for investment.
Vector says a potential buyer has expressed interest in its gas transmission business.
Craigs Investment Partners has been fined $30K and censured by NZX's disciplinary tribunal for sloppy record-keeping.
Kiwi wines are hitting the spot in the United States, with new figures showing a big jump in sales.
The next eight months will be lean for dairy farmers but Rabobank NZ chief Ben Russell says he is confident the downturn will be cyclical and one most farmers can cope with.
Google says one of its least expensive innovations - virtual reality headgear made of cardboard - has become a huge hit.
If NZ taxpayers have provided a businessman with a sheep farm in compensation for his loss, it raises many more questions than Minister Murray McCully has been inclined to answer.
House prices in Sydney rose 15 per cent in May from a year earlier, prompting a warning of a price bubble in Australia's biggest city.
The Reserve Bank of Australia is widely expected to keep interest rates on hold when it meets this week.
If each new vintage is like a newborn baby, then Nick Nobilo who today is appointed an officer of the New Zealand Order of Merit has a lot of children to keep track of.
New Zealand's only commercial tea estate has secured a deal to sell its products in upmarket London department store Harrods.
Uber's chief strategist has told Transport Minister Simon Bridges that NZ's approach to framing rules concerning the taxi-booking service will be watched around the world.
Powerco, the energy lines company, reported a 20 per cent drop in annual profit as it paid more tax.
Moa reported a net loss of $5.58m in the year ended March 31, compared to $5.82m last year.
NPT has posted a 16 per cent drop in annual profit, reflecting a bigger uplift in the year-earlier period from a revaluation of properties.