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Reserve Bank consults on new nationwide investor LVR restrictions

The Reserve Bank has today released a consultation paper proposing changes to loan-to-value restrictions (LVRs) to further mitigate risks to financial stability arising from the current boom in house prices.

NZ tech companies jumping feet first

New Zealand tech companies are jumping feet first into one of the world’s fastest growing and youngest markets, a leading New Zealand software company says.

Major NZ summit to deal to cyber crime

New Zealand is not exempt to major security risks which could impinge on the economy and livelihood as a nation, NZ Tech chief executive Graeme Muller says.

Changes ahead for Gisborne's electricity network

Eastland Network has launched a solar research trial to gather "real world data" as part of its planning for the future electricity needs of the Gisborne, East Coast and Wairoa regions.

76% of companies believe the IoT is critical to future success

The latest international IoT Barometer Report released by Vodafone suggests IoT innovation has now gone mainstream. The report supports IDC’s report that predicts there will be approximately 30 billion connected things globally by 2020 - a $3 trillion global market opportunity.

Litmus testing on good taste and decency released by BSA

New research has been released by the Broadcasting Standards Authority (BSA) today on the public’s attitudes to standards of good taste and decency.

Budget Loans and Evolution Finance found guilty on 106 FTA charges

Finance companies Budget Loans Limited and Evolution Finance Limited have been found guilty in the Auckland District Court on 106 charges brought by the Commerce Commission under the Fair Trading Act.

Markets to look through Bank of England caution and terrorist attacks

By Ric Spooner (Chief Market Analyst, CMC Markets)

Inland Revenue transformation programme 'remains on time and under budget'

The BusinessDesk story run on yesterday on the cost of Inland Revenue’s business transformation project risks giving the impression the programme is running over budget.

Takeovers Panel appointments announced

Commerce and Consumer Affairs Minister Paul Goldsmith has announced three appointments to the Takeovers Panel, the regulator of the corporate takeovers market. The appointments will take effect on 1 October.

Spark offers '2GB GO' data boost as NZ catches gaming fever

Spark has today launched a new "2GB GO" data pack for just $10. The pack, which is double the data and half the price of the extremely popular 1GB extra, is only available to buy during the school holidays and gives Spark customers an extra 2GB of data to use over two weeks.

Grabaseat celebrates 10th birthday with $10 fares

Air New Zealand’s Grabaseat is poised to launch its biggest fare sale yet, offering one thousand $10 seats across all domestic routes operated on Air New Zealand’s network to celebrate 10 years of the Grabaseat website.

Feds say Local Government Needs You

With nominations for this year’s local authority elections opening on Friday, Federated Farmers is calling on farmers and other business-minded people to consider standing for election.

Mixed market shows some bright spots

New Zealand Wool Services International Limited’s C.E.O, Mr John Dawson reports that the more varied offering at this weeks’ South Island auction saw targeted buying with better demand for the longer wools.

Suncorp NZ announces resignation of EGM Customer Experience

Suncorp New Zealand CEO Paul Smeaton today announced the resignation of Executive General Manager Customer Experience, Nadine Tereora.

FMCA licensing hits the home straight

The deadline is looming for fund managers to get licensed under the Financial Markets Conduct Act (FMCA) and the Financial Markets Authority is putting out the final call to those that want to stay in the game.

Growers 'must ensure contract labour services are compliant'

New Zealand’s apple and pear leader says growers engaging contractors to supply labour must ensure that they are compliant with employment standards.

LegaSea welcomes Minister's decision

Nathan Guy’s decision to partially close Southern Scallops to all fishing for a season is a good decision to protect the highly prized scallop fishery at the top of the South Island.

Hawkes Bay contractor fined $6000 for employment law breaches

MD Dara Miah Horticulture Limited and its sole director, Mohammed Dara Miah, were ordered to pay a $6000 penalty and $567.42 in costs by the Employment Relations Authority.

Massey University joins with Te Papa Press

Massey University Press is to provide the publishing infrastructure for Te Papa Press under the leadership of one of New Zealand’s most respected book publishers, Nicola Legat.

Air NZ wins again at Skytrax World Airline Awards

Air New Zealand has taken out World’s Best Premium Economy Class and World’s Best Premium Economy Class Airline Seat at the prestigious Skytrax World Airline Awards held at the Farnborough Air Show overnight.

2degrees extends 4G coverage in Auckland and Wellington

2degrees has extended its 4G coverage in West and South Auckland even further to include Green Bay, Titirangi, Glen Eden, Highland Park, Howick, Meadowlands, Farm Cove and Weymouth as well as the Wellington areas of Trentham, Papakowhai and Upper …

Cheddar cheese prices at eight-year low

Food prices decreased 0.5 percent in the year to June 2016, influenced by lower grocery food prices (down 2.3 percent), Statistics New Zealand said today. Compared with June 2015, cheese prices were down 9.5 percent, fresh milk was down 3.9 percent, and yoghurt was down 9.2 percent.

ICNZ supports disclosure of broker commissions

The Insurance Council of New Zealand supports the broad outline of proposals to lift the quality of financial advice released by Commerce and Consumer Affairs Minister Paul Goldsmith today.

Time for a reality check on retirement savings

More than 2 million New Zealanders are saving for their retirement through KiwiSaver but it’s time for many to take a "retirement reality check" on how much money they will really need, according to a new ANZ survey.

Fewer New Zealanders in motels and hotels in May

For May 2016 compared with May last year, domestic guest nights were down 6.4 percent, with motels and hotels accounting for most of the fall. In contrast, international guest nights were up 9.7 percent, with gains for stays at both hotels and motels.

Unison welcomes Electricity Authority's call for changes to distribution pricing

Electricity distribution company, Unison, has welcomed the Electricity Authority’s decision that Unison did not breach the Electricity Industry Participation Code (2010) when it reduced the subsidy for residential customers with distributed generation (solar).

Collaboration delivers first large container ship visit

Maersk Line, the world’s largest container shipping company and Kotahi, New Zealand’s leading export supply chain collaborator, are set to welcome the largest container ship to ever visit New Zealand waters capable of carrying 9,500 TEU[1] calling at Port of Tauranga at the start of the peak

Westpac reacts to investor driven market

Westpac NZ has reduced its interest only lending term from 15 years to a maximum of five years as investors continue to dominate the housing market.

Sponsorship applications open for major events in Auckland

Event organisers and promoters planning events in the Auckland region from July 2017 onwards now have an opportunity to apply for sponsorship.

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