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Business
Business headlines with summaries.
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John Key may have to relinquish banking role
The former prime minister could be forced to stand down from one of his banking roles because of a potential conflict of interest. Audio
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Simon Bridges hints at plan to boost business confidence
The National Party says the latest survey showing a slump of business confidence underlines the government's incompetence.
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Independent experts support RBNZ's approach on bank capital
Three independent experts generally agree the Reserve Bank's approach to increasing the amount of capital banks should hold in reserve has been conducted with care and based on sensible and sound…
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Sky TV in talks to buy SANZAAR rights for more than $235m
Sky Television will fight to hold on to the broadcast rights for Super Rugby and The Rugby Championship for five more years at a cost of more than $235 million.
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Ports of Auckland halts pay-out to council as profit falls
The pay-out halt comes as Ports of Auckland posted a net profit after tax of $53.9 million, down from $76.8m the year before.
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Electric vehicle sales reach 'turning point'
Sales of new electric vehicles have hit a record and for the first time have broken in to the top three passenger models sold last month.
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Business confidence keeps dropping
Business confidence continues to bleed away, falling to its lowest level in more than a decade.
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Hallenstein Glassons posts $29m profit for the year
The fashion retailer has had a modest lift in sales and profits, helped by growth in Australia and online sales.
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Today's business news: What you need to know
In today's business news - the RBNZ buys $US100m of green bonds, Auckland Council's surplus has slumped and KiwiSaver providers drop more fees due to mounting pressure.
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Tourism NZ welcomes chance to share data on Kiwi tourists
Tourism New Zealand could branch out into the domestic visitor market following an independent review.
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Government rejects blame for low farmer confidence
It is unfair to pin low farmer confidence on the government, Agriculture Minister Damien O'Connor says.
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Consumer confidence slips to 4-year low
The ANZ-Roy Morgan Consumer Confidence index for September fell below its historical average.
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Fonterra may need to be held accountable, says Waikato farmer
A Waikato dairy farmer says some members of Fonterra's management need to be held accountable for bad investments made over the past few years resulting in the company reporting a net loss of $605m.
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Fonterra loss: 'No one can be happy losing that sort of money'
Dairy farmers are disappointed after Fonterra unveiled a record annual loss and signalled a back to basics strategy in a bid to return to profitability.
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Today's business news: What you need to know
In today's business news - Contact ups its plans to reduce its environmental impact, workers are worried about the job market and Raddison Hotels is coming to NZ.
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Fonterra report 'less arrogant ... gives me a lot of confidence' - economist
Despite Fonterra's $605m losses, an economist previously critical of its business strategy is cautiously optimistic about its future and says the latest report is one of the best he's seen. Audio
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Today's business news: What you need to know
In today's business news - New Zealand's trade deficit remains flat, Abano Healthcare is in talks with potential buyers and the government is urged to review the property management sector.
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Too few consumers switching mobile provider - watchdog review
There's healthy competition in the mobile phone sector and no need for more regulation, according to the Commerce Commission.
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Stanley Group collapse: Tense meeting between directors and creditors
Directors behind failed construction firms Stanley Group and Tallwood Holdings have appeared in front of creditors to apologise, saying they take complete responsibility.
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Spark to offer 5G wireless broadband to some regional towns
Spark is to start offering super-fast 5G mobile connections in a handful of regional towns by the end of the year.
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No successor to swoop in on Jetstar's regional flights
Smaller airlines are reluctant to take on provincial routes cut by Jetstar, saying they can't compete against Air New Zealand.
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ACC posts $8.7 billion deficit
Falling interest rates have caused the Accident Compensation Corporation to post an $8.7 billion deficit for the past year.
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Fonterra posts $605m net loss in annual results
Fonterra has posted a net loss of $605 million, at the lower end of the forecast range, largely due to asset writedowns of $826m
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OCR kept at 1 percent
The Reserve Bank has left its benchmark interest rate on hold at a record low 1 percent, but has indicated the door is open to further cuts.
