New Zealand Business News

The receivers of century-old Christchurch clothing manufacturer Lane Walker Rudkin Industries have clammed up on the number of workers being made redundant at the Christchurch factory. They will not comment on how many are being laid off while the National...

Gary Paykel has stepped down as chairman of the whiteware manufacturer, though he will remain a director of the company for the time being. Ralph Waters, the former Fletcher Building chief executive, will stand in as chair until the company...

Shares in Smartpay last traded at 4 cents on the NZX today, giving the company a market value of $32.7 million. SmartPay, which appointed former head of Cadmus Technology Ian Bailey as its new managing director in August 2008, bought...

Trust wants farmers to renew pastures regularly Friday November 27, 06:21 AM New Zealand's livestock farmers could earn billions of dollars more for the nation's economy simply by renewing their pastures more often. Pasture Renewal Trust chairman, Murray Willocks, of...

Despite the turn lower, it is hard to describe the level of confidence as anything but healthy,” said Khoon Goh, senior markets economist at ANZ National Bank. New Zealand’s economy climbed out recession in the second quarter after falling into...

The BNZ Home Loan Affordability measure for all of New Zealand showed the proportion of a single median after tax income needed to service an 80% mortgage on a median house rose by 3.2 percentage point to 61.9%. This was...