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 …

Fonterra Cooperative Group posted full-year earnings that met its guidance as drought in the second half eroded returns from New Zealand Milk and rivalry eroded Australian margins, while sales grew in the rest of the world. Normalised earnings before interest and tax fell 3 percent to $1 billion, the Auckland-based company said in a statement. That meets the guidance it …