Business

David Ross, the Ponzi-accused former manager of Ross Asset Management, appeared in the District Court in Wellington this morning for substantive hearings on eight Crimes and Financial Advisers Act charges. He was remanded until Aug. 29. All aspects of today’s hearing were supressed. Ross faces charges relating to $384.8 million of assets recorded in the accounts of a Ross vehicle, …

NZX, the market operator, doubled annual profit as it benefited from new listings, a surge in trading activity and fees for running market operations, more than making up for a drought-impacted NZX Agri division. Profit rose to $6.4 million, or 2.51 cents a share, in the six months ended June 30, from $3.2 million, or 1.27 cents, a year earlier, …

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Northland Regional Council’s Northland Inc unit has signed a memorandum of understanding with Hawaiki Cable in a plan to link Whangarei in a Pacific-wide submarine fibre optic cable. Northland Inc, a council unit tasked with growing the region’s economy, will aid the landing and funding of the US$350 million cable in the New Zealand city by sourcing local investors, promoting …

BusinessNZ Chief Executive Phil O’Reilly has been elected Chair of the Business and Industry Advisory Council (BIAC) to the OECD.  The BIAC is the voice of business at the OECD – the world’s foremost provider of integrated statistics and fact-based policy recommendations.  The BIAC network includes national business, industry and employer associations from OECD members and observer countries, as well …

“You are not the first people to walk this earth,” that’s how Pulitzer Prize winning author David Hackett Fischer yesterday dealt with (note not ‘dealt to’) clear impatience by some Future Partners’ to have a bigger role in the actions that will determine our combined futures. “You can learn from experienced people as we learn from the experience of the …

Treasury secretary Gabs Makhlouf asked panel what keeps them awake at night in relation to TPP. Cal Cohen – a nightmare that the negotiations not include the US. Urge the negotiators to achieve high standards but do expeditiously. Can’t expect Canada to open up dairy market if we won’t open up sugar. Also apparel for a country like Vietnam it …

The night belonged to Xero and Vend at the NZ Hi-Tech Gala Award dinner in Auckland last night with each collecting two awards and Xero winning the coveted Hi-Tech Company of the Year award. The dinner was attended by over 700 guests at SKYCITY. Xero took out top honours, winning the PwC Company of the Year category as well as …

With the 2013 Pacific Partnership Forum just days away from opening, new research has been released reinforcing the importance of the United States as a trading partner for New Zealand. The research, commissioned by the NZ US Council was conducted by the New Zealand Institute of Economic Research and analyses the economic and trade relations between the US and NZ. …

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