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Trump hits back at China, escalating trade war
President Donald Trump has hit back at China by announcing new higher tariffs on imports - escalating a mounting trade war between the two nations.
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Kiwibank annual profit down 6%
Kiwibank's full year profit is down but the bank says there's been a rise in deposits and lending
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Comvita reports profits hit from Chinese market restrictions, poor honey harvests
Honey producer Comvita has confirmed a full year net loss of $27.7m with China market access restrictions and tougher regulations locally affecting the…
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Warehouse Group upgrades full year profit expectations
New Zealand's largest retailer adjusted its underlying profit guidance again.
Business headlines with summaries.
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Director's workload increasing, pay isn't
Fees for company directors are not keeping pace with their rising workload, according to a new survey.
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New Zealand wool industry clipped by China-US trade war
Falling wool prices in Australia and New Zealand are being attributed to trade tensions between the US and China.
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Dairy NZ wants greenhouse gas emissions decided farm by farm
The organisation would rather greenhouse gas emissions from agriculture must be decided farm by farm by farm, not imposed centrally by the Emissions Trading Scheme.
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Council writes off $800k investment on failed timber mill
Northland Regional Council invested $800,000 in a high-tech timber mill, but the company ceased trading in 2017 and hasn't paid its last two quarterly interest payments.
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Financial watchdog: ANZ should have disclosed house sale
The financial watchdog says ANZ New Zealand bank should have disclosed the sale of a house to its former chief executive's wife two years ago.
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Healthcare and animal products firm Ebos posts flat full year profit
Healthcare and animal products company, Ebos, has posted flat full year profit on steady revenue as it absorbed costs of new acquisitions and readied for growth.
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Sky TV buys naming rights for Wellington's Westpac Stadium
Sky Network Television has bought the rights to put its name on Wellington's Westpac Stadium.
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Sky TV posts net $607m loss
Sky Network Television has written down the value of large parts of its business and scrapped paying a dividend as it changes direction to counter falling pay TV subscribers.
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Auckland Airport: Australian sale tanks net profits despite underlying rise
The country's biggest airport has reported a drop in profit, as it adjusts to the sale of its North Queensland Airports last year, as well as smaller gains in the value of its properties.
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Air NZ reports $270m profit, a third lower than last year
Air New Zealand's full-year profit has hit headwinds as higher fuel costs and slower passenger growth hit its earnings.
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NZX takes a hit following A2 Milk result
The local sharemarket has taken an unexpected beating this morning driven by investor disappointment about the performance of the top stock - A2 Milk.
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Oil refinery operator falls deeper into red
High electricity prices and weaker oil refining margins have seen the owner of the Marsden Point refinery increase its debt.
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Meat processor looks to close plant with 44 jobs affected
New Zealand's largest meat processor wants to shut its pelt processing plant near Ashburton. It's already closed its meatworks there, causing the loss of hundreds of jobs.
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Australian regulatory squeeze could affect NZ banks
Australia's big banks may have to make do with less money from their New Zealand operations, as Australia's banking regulator moves to improve their financial strength.
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Fletcher Building posts $164m full year profit
Fletcher Building has posted a solid full year profit but continues to be dogged by a weak Australian housing market and underperformance in some of its businesses there.
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Spark makes larger annual profit off market share growth
The telecommunications company's annual profit has increased with greater market share and lower costs.
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A2 Milk records $287m full year profit
The specialty dairy company stormed to a record profit on the back of surging demand for its infant formula.
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Dairy prices slip in latest global auction
Dairy prices have fallen fractionally in the overnight auction, though the key whole milk powder price rose.
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Sky fined for screening extensive footage of Christchurch attacks
Sky Television has been fined $4000 for showing extensive footage of the 15 March terrorist attacks taken from the alleged gunman's livestream.
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Napier Port has strong NZX debut
The newest company on the stock exchange has had a strong debut.
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Mercury NZ hits new record profit
Power company Mercury has made a record annual profit as it generated more geothermal power and charged higher spot prices.
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NZ will keep 'head above water' amid recession fears
New Zealand's economy is not headed for recession despite all the gloomy forecasts overseas, ASB chief economist Nick Tuffley says.
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Theo Spierings' Fonterra payout slammed
Former Fonterra chief executive Theo Spierings is under fire for receiving a $4.6 million payout when he left the company last year.
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Sky TV bets big on rugby with $62m streaming service purchase
The pay television operator is purchasing RugbyPass for $US40m.
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