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Invest In NZ News

  • The case for telling your colleagues how much you earn

    If I asked you how much you get paid, would you tell me?

    Management researcher David Burkus argues you should.

    In a TED talk with more than a million views, Burkus argues that if everyone knew how their salary compares to their peers', workplaces would be a lot fairer.

  • NZ dollar falls as markets wait to see which parties will govern

    The New Zealand dollar fell while remaining in a narrow trading range as the market waits to find out which parties will form the country's next government.

    The kiwi dollar was trading at 71.59 US cents as at 5pm from 71.66 US cents as at 8am in Wellington, from 71.64 cents late yesterday. The trade-weighted index was at 75.37 from 75.39 yesterday.

  • Tourism Holdings equipped, mindful of global instability

    Tourism Holdings is better equipped to cope with major global events that may stifle international travel, such as last year's Brexit vote and the election of US President Donald Trump, says chair Rob Campbell.

  • Fonterra trims 2018 milk collection forecast

    Fonterra Cooperative Group trimmed its milk collection outlook for the 2018 season after a wet August and September sapped production, especially in the North Island.

  • MBIE launches two new investigations into claims of Chinese steel dumping

    The Ministry of Business, Innovation and Employment is taking a new look at claims Chinese steel imports are being dumped in the local market after Australian-owned New Zealand Steel complained it's being unfairly undercut by Asian rivals.

  • Predator free starts in your own backyard this Conservation Week

    Conservation Minister Maggie Barry is encouraging New Zealanders to get out and enjoy their own backyards and make a difference locally during Conservation Week which starts today.

    “Take a look around you and see how you can help protect and nurture our unique wildlife.  Perhaps install a rat, stoat or possum trap or join volunteers who’re already working with DOC and community groups on the War on Weeds or to achieve the goal of Predator Free NZ by 2050,” Ms Barry says.

  • Risks to business from staff accessing PornHub on work devices

    Millions of visitors to PornHub risk exposure to malware and Kiwi bosses will be hoping none of their staff inadvertently infected their company network by visiting the adult website on their work phone or laptop.

    As digital devices blur the lines between workers' office and home lives, businesses increasingly run the risk of company devices being used for activities which they don't condone or want to be associated with.

  • Fisher & Paykel Healthcare may appeal German ruling on Resmed

    Fisher & Paykel Healthcare is considering whether to appeal a ruling by the Regional Court in Munich that rival ResMed did not infringe its patents in the continuing intellectual property dispute for its face and nasal masks.

  • Smith pays tribute to Passchendaele soldiers

    Government Minister Dr Nick Smith has paid tribute to the New Zealand servicemen who fought in the Battle of Passchendaele a century ago at commemorations today in Belgium.

    “The 12th of October 1917 at Passchendaele was the worst loss of life in New Zealand history, with 843 soldiers killed that day. We remember the courage and sacrifice of these brave men in atrocious conditions and pay tribute to their service to our country and the values they stood for,” Dr Smith says.

  • NZ dollar little changed on NZ First decision delay

    The New Zealand dollar was little changed, trading in a narrow range after the NZ First Party delayed its decision on who will lead the next government, while the prospect of rising US interest rates and an improving US economy lift the greenback.

    The kiwi traded at 70.75 US cents as at 5pm in Wellington from 70.69 cents at 8am and 70.68 cents yesterday. The trade-weighted index was at 74.59 from 74.64 yesterday.

  • NZ shares rise as growth stocks A2, Xero, extend gains

    New Zealand shares rose as the export-orientated growth stocks A2 Milk and Xero extended recent gains, while insurer CBL Corp declined.

    The S&P/NZX50 Index increased 23.17 points, or 0.3 per cent, to 8,060.98, another record close. Within the index, 21 stocks rose, 21 fell and eight were unchanged. Turnover was $194 million.

  • Controversial application to pull millions of litres a day from Blue Spring withdrawn

    The company behind a controversial application to take 6.9 million litres of water a day from Putaruru's Blue Spring to send offshore has withdrawn its application.

    NZ Pure Blue Springs Ltd told the Waikato Regional Council this morning that it would not be going ahead with the resource consent application, a council spokesman confirmed.

  • Giltrap opens new $40m HQ in Auckland

    New Zealand's top motor vehicle dealership the Giltrap Group has new $40 million New Zealand headquarters and an executive said the business was "blown away" by the new building.

    Michael Giltrap, group joint managing director with his brother Richard, said Warren and Mahoney's design of the new Auckland building, 119 GNR, was way beyond what they had ever anticipated.

  • Government congratulates industry for action on plastic bags

    Associate Environment Minister Scott Simpson has congratulated Countdown and New World supermarkets for taking an industry-led response to combat the usage of single-use plastic bags.

  • Uber can secretly spy on your iPhone, researcher finds

    Apple has granted an undocumented private app permission that allows Uber to record anything on your iPhone's screen without your knowledge.

    Security researcher Will Strafach made the discovery of the feature, which has long existed on apps of jailbroken devices without permission from Apple.

  • ComCom receives complaint about 2 Cheap Cars' vouchers-for-reviews offer

    The Commerce Commission has received a complaint about 2 Cheap Cars offering supermarket vouchers in exchange for five-star reviews on Google.

    The commission said they have not yet assessed the complaint, but it brings the total number of complaints against 2 Cheap Cars to 16 for the year.

    Over the weekend, the vehicle dealer offered $10 Pak n' Save vouchers to people who gave it a five-star review on Google.

  • Air New Zealand starts Wi-Fi trial on some international flights

    Air New Zealand has started trialling its new inflight Wi-Fi service on a long-haul Boeing 777-300 aircraft.

    The airline is joining a growing list of carriers offering connectivity in the air and those on board will be able to access email, social media channels, websites and go shopping. It is still working out what it will charge for the service once it is rolled across the fleet.

  • Watch out for invoice scammers, police warn

    Overseas scammers have been using forged invoices and fake email addresses to con businesses - and the police are telling businesses to watch out.

    The scam, which police first became aware of earlier in the year, was a way of swindling companies out of expensive goods.

  • NZ boss of CBA Ian Narev says 'sorry' for alleged anti-money laundering drama

    The New Zealander in charge of Australia's biggest bank has apologised to shareholders and shouldered the blame for the lender's alleged breaches of anti-money laundering laws.

    Ian Narev, who has already announced he will step down following the allegations, said Commonwealth Bank of Australia was focused on "putting things right" after failing to meet the appropriate standards and letting down stakeholders.

  • Further NZDF flight to Vanuatu

    Foreign Minister Gerry Brownlee today announced a further New Zealand Defence Force C-130 flight to Vanuatu to deliver relief supplies for communities evacuated from Ambae.

    “The Vanuatu Government has completed the precautionary evacuation of Ambae and more than 10,000 people are now in temporary accommodation on other islands,” Mr Brownlee says.

  • Peter Wakeman to push climate change agenda at Auckland Airport AGM

    Auckland International Airport shareholder Peter Wakemen is seeking support for three proposals to safeguard the company from possible future fuel supply disruption, to cut carbon emissions and to lobby the government to use so-called "debt-free money" to fund climate initiatives.

  • Polish Dairy to join Fonterra's Global Dairy Trade platform

    Polish Dairy, the fifth largest producer of milk in the European Union, will join Fonterra Cooperative Group's Global Dairy Trade platform from November 21, initially offering skim milk powder, whole milk powder, butter and lactose on the platform.

  • Strong economy delivers $4.1 billion surplus

    The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says.

  • 70 businesses banned from hiring migrants over labour law breaches

    Construction companies, restaurants, an orchard, an electrician and a major trucking company are among 70 businesses sanctioned after exploiting migrant workers this year.

    The businesses have been banned from hiring migrants for six months after harsher penalties for exploitation were introduced in April.

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