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2014 – China Business
Focusing on the latest Chinese trends affecting the New Zealand economy and business, the 2014 China Business report saw us travel to China to investigate how Beijing’s innovation drive was changing the Chinese commercial landscape and creating new opportunities for New Zealand companies; how New Zealand dairy companies were faring in a more competitive environment in China and the shape …
Read More »Los Angeles embracing Silicon Beach
Zack Zalon is the CEO and Managing Partner of digital design firm Wilshire Axon and co-found of digital incubator Elevator Labs. Zalon specializes in building interactive business in Los Angeles, focused on working with highly technical and innovative companies and improving Los Angeles as an investment prospect and the perception around the investment community. “LA always has been and continues …
Read More »NZ screen industry revenue fell in 2013 after drop-off in movie making
The New Zealand screen industry’s revenue dropped 4 percent in 2013, from a record high in 2012, as decline in production of feature films more than offset gains from local television and movie theatres. Total revenue for the sector was $3.15 billion in 2013, down from $3.29 billion a year earlier, according to Statistics New Zealand. The screen industry includes …
Read More »Jilted Abano suitors turn guns on chair, NZX, and Grant Samuel
A rebel shareholder group that attempted an unsuccessful takeover bid for Abano Healthcare has launched a campaign to unseat its chairman, Trevor Janes, in a coordinated attack that also questions decisions by NZX Regulation and a valuation by investment house Grant Samuel. Healthcare Industry and Steamboat Capital, which jointly hold some 19 percent of Abano shares, have also launched a …
Read More »NZ manufacturing grows for 19th month, employment surges to 7-year high
New Zealand’s “buoyant” manufacturing sector expanded for the 19th consecutive month in March as domestic demand for goods and fast-growing Asian economies fuelled economic momentum through the first quarter of 2014. The employment index reached a seven-year high. The BNZ-BusinessNZ seasonally adjusted performance of manufacturing index increased to 58.4 in March, from an upwardly revised 56.5 in February, and 53 …
Read More »NZ dollar jumps to 3-year high as traders pull back US interest rate bets on dovish Fed minutes
The New Zealand dollar jumped three quarters of a US cent against the greenback to its highest since July 2011 after the Federal Reserve minutes from its last meeting in March pushed out expectations of when the Fed will start raising interest rates. The kiwi jumped as high as 87.25 US cents from 86.47 cents immediately before the release of …
Read More »While you were sleeping Fed support intact
Wall Street rose, extending gains after the latest Federal Reserve meeting minutes eased concern that US policy makers had been planning to raise interest rates sooner than had been anticipated. The Fed released minutes from the March 18-19 Federal Open Market Committee meeting were released at 6am New Zealand time. Fed Chair Janet Yellen’s comments at the end of that …
Read More »Telco regulation ‘always going to drive a pricing sea-change’, judge says
The law change allowing Telecom to carve out its Chorus network unit to participate in the government’s ultra-fast broadband scheme “was always going to drive a pricing sea-change” for the company’s regulated services, according to a High Court judge. Justice Stephen Kos today turned down an appeal by Chorus to have the regulator’s initial pricing principle (IPP) set aside, and …
Read More »Mining lobby seeks less regulatory confusion, freer hand for explorers
The mining industry lobbyist, Straterra, is calling for improved administration of New Zealand’s environmental and minerals regulations and wants the low-impact activities of mineral prospecting and exploration made automatically permissible. However, Straterra is less convinced that major reforms to the Resource Management Act’s balance between environmental and economic influences will improve the lengthy and complex processes currently facing many mining …
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