New Zealand

By Paul McBeth Oct. 23 (BusinessDesk) – New Zealand’s reputation as a responsible member of the world’s financial community is undermined by holes in the financial services provider register, which is still open to abuse by unscrupulous foreign firms, industry groups say. The Ministry of Business, Innovation and Employment is revisiting the register in a legislative review of the 2008 …

By Jonathan Underhill Oct. 23 (BusinessDesk) – The Reserve Bank may keep the official cash rate unchanged next week to avoid inflaming Auckland’s housing market and to keep some capacity up its sleeve should global growth stumble, even though the kiwi dollar has gained when the bank had expected a decline. Governor Graeme Wheeler will keep the OCR at 2.75 …

By Paul McBeth Oct. 23 (BusinessDesk) – Vital Healthcare Property Trust, the listed hospital owner and developer, has bought two parcels of land which it plans to develop to expand Lingard Private Hospital and Toronto Private Hospital, both in New South Wales, Australia. The property investor spent A$7.8 million for a 2,700 square metre property next to its Lingard site …

The announcement came through overnight that trade officials from New Zealand, the United States, Japan, and 9 other Pacific rim nations have agreed after years of negotiations on the largest regional trade deal in history. NZ INC. has compiled the best tweets of the web on the Trans-Pacific Partnership deal, so that you don’t have to.   Beef + Lamb New Zealand …

NZ INC. brings you the best Trans-Pacific Partnership coverage from around the web. Friday, October 2 John Key spoke at a breakfast hosted by the Asia Society this week, where he talked about China’s attitude towards the TPP and New Zealand’s place in it. See the video here.  ” AsiaSociety.org: Video: New Zealand Leader Says China Sees Opportunity in the …

By Suze Metherell Sept. 23 (BusinessDesk) – Craig White, a former director of OPI Pacific Finance, has been sentenced to 250 hours of community work and A$100,000 in reparations after pleading guilty to two Securities Act charges laid by the Financial Markets Authority. White pleaded guilty on Friday to two charges under the Securities Act including distributing an advertisement and signing off …

By Fiona Rotherham Sept. 23 (BusinessDesk) – Wynyard Group, the security software firm, says its software is being used to help track down global wildlife trafficking – the fourth-largest illegal trade in the world after drugs, humans and weapons. Auckland-based Wynyard’s investigative case management software is being used to help the recently-launched, Dutch lottery-funded Wildlife Justice Commission chase organised criminals operating across many …

By Pattrick Smellie Sept. 23 (BusinessDesk) – New Zealand negotiators are “holding our ground” in talks to conclude the Trans-Pacific Partnership trade and investment treaty with some improved access expected for dairy exports to the highly protected markets of North America and Japan, says Trade Minister Tim Groser. He acknowledged that comments from Prime Minister John Key on Monday, that whatever deal was achieved …

By Pattrick Smellie Sept. 23 (BusinessDesk) – Christchurch City Council is rolling out the welcome mat for Guoxin International Co, one of China’s largest infrastructure development companies, which is committing to raise a US$2 billion fund for investment projects in the city as it enters the mature phase of its post-earthquake reconstruction. While the letter of cooperation and friendship signed between Guoxin …

By Pattrick Smellie Sept. 21 (BusinessDesk) – Prime Minister John Key has given a guarded view of New Zealand’s chance of striking the “high quality” deal it has always sought in the 12 nation Trans-Pacific Partnership trade and investment negotiations, saying that “at least it will be the very best we can do.” International reports suggest a final ministerial meeting will …