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John Key

Receivers appointed to South Canterbury Finance

Receivers appointed to South Canterbury Finance
Wellington, Aug 31 NZPA - Receivers have been appointed to South Canterbury Finance. The company today said it has been unable to complete a recapitalisation and restructure.

Doubts expressed about SCF as SFO continues investigation

Doubts expressed about SCF as SFO continues investigation
Wellington, Aug 30 NZPA - South Canterbury Finance is warning "there can be no certainty" recapitalisation and restructuring proposals will be successfully implemented, while the Serious Fraud Office says it will continue investigating related companies operated by Timaru businessman Allan Hubbar

SCF says talks on solution continue

SCF says talks on solution continue
Wellington, Aug 30 NZPA - South Canterbury Finance is warning "there can be no certainty" recapitalisation and restructuring proposals it has been pursuing will be successfully implemented.

Endace sets up Christchurch manufacturing base

Endace sets up Christchurch manufacturing base
Wellington, Aug 27 NZPA - Network monitoring technology company Endace has set up its $5 million manufacturing business in Christchurch, after investigating options throughout the Asia Pacific region.

Holiday trade-In bill passes first reading

Holiday trade-In bill passes first reading
Wellington, Aug 24 NZPA - Legislation allowing workers to trade in their fourth week of leave for cash and giving employers the right to demand a medical certificate for one day of sick leave passed its first reading in Parliament today after protests from the Labour Party and the Greens.

Govt wants Kiwis to increase savings with no incentives

Govt wants Kiwis to increase savings with no incentives
By Kate Chapman of NZPA Wellington, Aug 24 NZPA - The savings working group faces what appears to be an insurmountable challenge -- finding a way to convince cash-strapped New Zealanders to put more of their hard earned money into a bank account.

Business sector warming to compulsory savings

Business sector warming to compulsory savings
Wellington, Aug 17 NZPA - The business sector appears to be gradually warming to the prospect of being involved in compulsory retirement savings schemes.

Now not the time for compulsory savings, says business lobby

Now not the time for compulsory savings, says business lobby
Wellington, Aug 17 NZPA - The Council of Trade Unions (CTU) has big ideas of working towards a compulsory savings scheme where employers make the lion's share of contributions, but a business lobby says now is not the right time to increase the burden.

Key paints grim picture of NZ's foreign debt

Key paints grim picture of NZ's foreign debt
By Peter Wilson of NZPA Wellington, Aug 17 NZPA - New Zealand's foreign debt is one of the worst in the world and people have to save more, Prime Minister John Key says.

Dunne's income-splitting scheme would cost Govt $450m

By Peter Wilson of NZPA Wellington, Aug 17 NZPA - Peter Dunne could have a hard time getting his income-splitting bill enacted because it would cost the Government $450 million a year in lost revenue.