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Kim Dotcom and his fellow Megaupload co-accused have again sought to delay their extradition fight with the US, claiming natural justice has been denied as they’re unable to pay for expert witnesses outside New Zealand. In the Court of Appeal Justices John Wild, John Fogarty and Jillian Mallon reserved their decision, while Justice Wild said they were “presented with an impossible task” given the size of the submissions …

New Zealand’s government has commenced the biggest review of the telecommunications and broadcasting markets since the advent of the internet with today’s release by Communications and Broadcasting Minister Amy Adams of a discussion paper for public submissions. “Regulating Telecommunications for the Future” kicks off a full review of the Telecommunications Act 2001 to reflect the fact that current regulations were created in an …

New Zealand manufacturing sales volumes fell in the second quarter, driven by the continued decline in petroleum and coal, and in meat and dairy. Total seasonally adjusted sales volumes declined 0.2 percent in the three months ended June 30, following a 0.3 percent drop in the first quarter, according to Statistics New Zealand. The volume of dairy and meat, the nation’s two …

European equities moved higher amid relief that Chinese stocks losses were contained, fuelling optimism that a slowdown in global economic growth will be checked. Europe’s Stoxx 600 Index finished the day with a 1.1 percent gain from the previous close. The UK’s FTSE 100 Index added 0.5 percent, France’s CAC 40 Index rose 0.6 percent and Germany’s DAX Index climbed …

Ossis Ltd, which uses 3D printing technology to custom design titanium implants for patients with severely damaged bones and joints, is expanding outside of Australasia to the UK. The Christchurch-based company this year doubled monthly sales of the implants to four or five across New Zealand and Australia. It’s now in talks with a UK distributor to enter that market in the next few months, giving it a springboard to …

Chinese investors, who return to trading after a four-day break, may be the key to sentiment this week and whether global equities will remain volatile. China’s stock markets were closed last Thursday and Friday for ceremonies to mark the end of World War II. Ahead of the resumption of trade, People’s Bank of China Governor Zhou Xiaochuan said the rout …

Chinese interests may be close to acquiring 50 percent of Silver Fern Farms, in a deal that would increase the dominance of New Zealand’s biggest meat exporter and erode farmer control of the industry, say shareholders pushing for a merger with Alliance Group. Dunedin-based SFF has been seeking a $100 million capital injection to strengthen its balance sheet before banking facilities expire in October …

By Tina Morrison Sept. 4 (BusinessDesk) – New Zealand wool is trading at record high prices, pushed up by strong demand and limited supply, though the outlook is murky. The price for clean 29-micron wool changed hands at a record $10.45 a kilogram at yesterday’s North Island auction, up from $9.95/kg at the previous North Island auction on Aug. 13, according to …

New Zealand firms grew even gloomier in August as falling commodity prices and a lack of inflation looks set to keep profits down, and have scaled back their intentions to take on new staff or invest in their business. A net 29 percent of firms were pessimistic about the general economic outlook over the coming year, deteriorating from a net …

The Inland Revenue Department is proposing to introduce a withholding tax on foreign buyers of residential property from July next year as part of the government’s plans to crackdown on speculators. The tax department is proposing to implement the tax, which would require an amount to be withheld on the sale of residential property, to support the introduction of the …