Toll Holdings has revealed a possible cost of $19 million from its battle with the Inland Revenue Department over the use of optional convertible notes to shuffle trans-Tasman income. But the company has yet to include provisioning in its accounts for the possible loss of its tax dispute as a key Court of Appeal decision is still pending on the …

The share price of Diligent Board Member Services rose as much as 2 percent after the provider of software for company directors posted record sales in 2012. Diligent said fourth-quarter new sales of US$6.4 million (NZ$7.6 million) took annual new sales to US$26.3 million, a 66 percent increase over the previous year. The Asia-Pacific region experienced exceptional growth in the …

A lack of wind is being blamed for the acrid grey smog currently blanketing Beijing with the city enduring some of the worst pollution on record. Official readings taken over the weekend showed PM2.5 readings in Beijing of 886 micrograms per cubic metre. To give that some perspective – 25 micrograms is the WHO’s cut-off level for safe emissions. The …