Trade Me, New Zealand’s largest online auction site, wants to increase the pool of fees for its directors by 23 percent to accommodate paying for two director positions which were previously funded by Fairfax Media. The company will ask shareholders at its annual meeting in Wellington next month to increase the fee pool for its directors to $800,000 from $650,000, …

The liquidator for the failed Mainzeal construction group is preparing to face off with several related entities over some “highly intermingled” transactions. BDO’s Brian Mayo-Smith, Andrew Bethell and Stephen Tubbs are chasing $46.6 million in related party debt in separate actions as they try to untangle the effects of two significant restructures two years prior to the collapse that had …

New Zealand’s monthly trade deficit was the biggest in almost five years in August as the one-off arrival of a drilling platform skewed imports, and export growth was minimal in a month where the country’s food safety was under heightened global scrutiny. The monthly deficit widened to $1.19 billion in August from $771 million in July and $812 million a …