Bay of Plenty iwi Te Arawa has appointed one-time joint chief executive at Fletcher Forests, Ian Boyd, to head its commercial entity, Te Arawa Group Holdings. Te Arawa settled its Treaty claims in 2009 with a $34 million cash settlement and established TAGH to undertake its commercial operations, which include forest and farm ownership, as well as the recently purchased …

The New Zealand dollar drifted lower, while remaining within its recent range, as the stalled budget talks in the US kept traders from taking big positions, while a business confidence survey tomorrow is expected to affirm the strength of the local economy. The kiwi traded at 82.82 US cents at 5pm in Wellington, from 83.12 US cents at the start …

The New Zealand government posted a smaller operating deficit than forecast in the May budget on a bigger corporate tax take and less spending on the Canterbury earthquake than expected, and is sticking to its target to reach a surplus by the 2015 financial year. The operating balance before gains and losses (obegal) was $4.41 billion in the 12 months …