Wednesday , August 5 2015
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Commerce Commission follows through with price-fixing suit against Wrightson, Elders, others

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The Commerce Commission has filed court proceedings against PGG Wrightson, Elders New Zealand and five individuals it claims fixed fees charged during the introduction of a national livestock tagging scheme. The regulator is in discussions with a third company, Rural Livestock. The commission alleges the companies and individuals breached the Commerce Act by establishing three ...

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Blis Technologies forecasts 75% gain in annual sales

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By Jonathan Underhill July 31 (BusinessDesk) – Blis Technologies, the NZX-listed biotech company, said sales will rise as much as 75 percent, helped by demand in Europe, North America and in New Zealand. Sales in the year ending March 31, 2016, are expected to “comfortably exceed $4.5 million,” chief executive Barry Richardson ...

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Wheeler downplays scope for ‘large’ rates fall; kiwi gains

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Reserve Bank governor Graeme Wheeler says some market commentators are predicting further declines in interest rates that would only make sense for an economy in recession, although some easing is likely to be needed to maintain New Zealand’s economic growth. Wheeler gave a balanced view of the economy in a ...

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The Trans-Pacific Partnership: NZ Inc’s Best of the Web

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New Zealand has been a hot topic for international TPP discussion as negotiation’s end draws near. ForeignPolicy.com has a tidy summary of what’s standing in the way of TPP as negotiations head toward their final stages, with coverage of Canada’s standoff with the United States and New Zealand over dairy. ...

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Maori businesses more optimistic, profitable

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Maori businesses are more optimistic and recording stronger profit growth than non-Maori firms as the focus of the sector shifts from righting historical grievances to looking to the future, ANZ Bank’s 2015 Maori business report says. The ANZ Privately-Owned Business Barometer found 72 percent of Maori businesses surveyed were upbeat about the ...

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Drought, weak dairy prices hit NZX agri publications adverts

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By Jonathan Underhill July 28 (BusinessDesk) – NZX, the stock market operator, said advertising in its portfolio of agricultural publications dropped 17 percent in the first half, reflecting the slump in dairy prices and the impact of drought. The company’s agricultural titles include New Zealand Farmers Weekly, the nation’s biggest newspaper for ...

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Labour gives conditional support for TPP

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The Labour Party is giving conditional support for the controversial Trans-Pacific Partnership, with party leader Andrew Little saying Labour is “pro-free trade” but will only support TPP if it contains “key protections” for New Zealanders. “Labour supports free trade,” he said. “However, we will not support a TPP agreement that undermines New ...

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