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Business headlines with summaries.
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Chinese ship stopped for biosecurity breach heading to Napier
A Chinese ship prevented from picking up almost 5000 cows from Portland due to biosecurity concerns is headed for Napier where it's hoping to collect thousands of live animals for export.
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ANZ Bank: 'OCR of 1 percent probably isn't going to do it'
The Reserve Bank will have to cut interest rates close to zero to give the economy a boost and to meet its inflation target, ANZ Bank says.
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Two building companies liquidated, crane firm in receivership
More than 120 staff have been laid off at two construction companies now in liquidation, while staff are still on the job at a crane hire company now in receivership.
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Fonterra delays release of financial results
Fonterra has postponed the publication of its annual financial results saying it needs more time to finalise its accounts.
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Com Com takes finance company to court
The Commerce Commission has filed proceedings alleging that UDC Finance Limited's dishonour and late payment fees were unreasonable because they were more than what the company lost.
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Air NZ's idea of using Whenuapai for domestic flights 'half-baked'
Air New Zealand is close to deciding whether it wants to fly from a second Auckland airfield, although Defence Minister Ron Mark has shot the idea down.
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Company boards 'need to be challenged'
The existing board model of companies needs to change to cope with challenges from digital disruptions and regulatory changes, a report says.
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Nearly 6000 Fonterra staff to miss out on bonuses and pay rises
Dairy co-operative Fonterra is freezing the pay of its top paid staff for the next 12 months.
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Housing market expected to reheat after winter lull
Lower interest rates and no capital gains tax are expected to spur housing sales after prices stayed fairly level over the past three months, QV consultants say.
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Decline in new vehicle sales signals tough road ahead for industry
New vehicle sales are falling after more than a decade of growth in a sign consumer demand is further softening.
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Two Canterbury building firms fail
A Canterbury construction firm whose staff and contractors said they were owed thousands has gone into liquidation and its sister company has ceased trading.
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NZ trade position looking solid for near future
The country's trade position has improved, driven by strong prices for meat and dairy products and a softer currency.
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FMA responding to complaint about Fonterra
The Financial Markets Authority is seeking more information from Fonterra's management after a complaint about the dairy co-operative's books.
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Govt splashes $75k on 'gourmet' seaweed exporter
The government is investing $75,000 towards turning a pest seaweed into a premium food export.
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Living wage on the way for 7000 Warehouse staff
Seven thousand employees at The Warehouse will now be paid a living wage after four days of negotiations between the company and First Union.
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Consumers slightly more optimistic about finances
Consumer confidence has perked up a shade, belying headlines of a slowing economy and a deteriorating global outlook.
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Building consents granted highest since 1974
The number of building consents issued throughout the country hit a near 45 year high last month, with Auckland and Waikato hitting record levels.
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Crown to net $5 million from Westland Milk sale
The profit made by the country's largest farmer from the sale of its shares in Westland Milk Products, will disappear into government coffers via a special dividend.
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Auckland mega shopping block not a mall, but living centre
The tills began ringing today at what will be the country's largest mall ... or living centre. Westfield Newmarket spans 4.5 hectares and will offer five levels of retail.
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US federal bank head supports early action to tackle headwinds
Central banks should be acting early and decisively to counter economic headwinds, according to a visiting US Federal Bank head.
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Over 10 billion cigarette butts pollute country's ecosystem
New Zealand's first national litter audit has found there are more than 2000 cigarettes for every person.
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Tourism industry debates its future as slowdown anticipated
The head of Tourism Industry Aotearoa believes the industry will be valued at more than $40 billion this year.
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New insurance bureau targets $60m fraud reduction
The insurance industry is setting up a special group to combat fraud, which it says is costing the country more than $600 million a year.
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Firms folding on investments over fears of financial recession
Business confidence has slumped with firms negative about their own prospects for the first time in a decade.
