Fonterra's bold plan to gain a second mandate from farmer shareholders for its controversial Trading Among Farmers scheme has taken a body blow with the resignation of the Fonterra Shareholders' Council chairman Simon Couper.
The single largest beneficiary of the asset sales programme this year will be KiwiRail, the loss-making state-owned rail company.
The Government has put the brakes on their compulsory auto enrolment of all employees in the KiwiSaver scheme.
Tax loopholes which have given unintended tax breaks to high income earners will be “patched”.
New Zealand has posted a smaller-than-expected trade surplus in April, reflecting a drop in the value of dairy exports.
Fisher & Paykel Appliances beat its full-year guidance while posting a decline in earnings, but warns the outlook for 2013 is for soft retail markets.
Facebook's fourth day of trading as a public company brought shareholder lawsuits, and an increase in the company's stock price as the fallout continued from the social network's botched initial public offering.
A privately built space capsule that's zipping its way to the International Space Station has also launched something else: A new for-profit space race.
The New Zealand dollar climbed from a six-month low as European Union leaders meet amid talk Greece could leave the eurozone and ahead of Bill English's budget.
