
Hundreds of jobs at stake in bus maker receivership
Hundreds of jobs are at risk with the announcement Canterbury bus maker Designline International has been placed in liquidation.
Hundreds of jobs are at risk with the announcement Canterbury bus maker Designline International has been placed in liquidation.
New Zealand recorded a merchandise trade surplus of $1.1b in April, the highest monthly surplus ever recorded, figures released by Statistics New Zealand show.
China's enormous sovereign wealth fund, the China Investment Corporation, may have set aside up to 1.5 per cent or about $6 billion of its massive foreign exchange reserves to invest in New Zealand assets.
Rakon powered back into profit as it lifted full year revenue 31 per cent to $189.3m.
New Zealand is a victim of its own success - and right now shoppers are paying the price, commentators say.
A Chinese giant's lifeline has pulled Fisher & Paykel Appliances back from the brink and opened up new markets.