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Chief Justice Sian Elias has floated the prospect of the Supreme Court restraining the government to selling no more than 25 percent of state-owned power companies while it sorts out a long term solution to Maori claims to freshwater rights under the Treaty of Waitangi. Her comments came at the end of the first morning of two days’ scheduled hearings …

The government is reactivating its relationship with Datacom, the New Zealand firm that managed teacher payrolls before they were switched to the glitch-plagued Novopay system last year. The senior Minister made responsible for handling the Novopay debacle, Steven Joyce, announced a series of steps today, including “investigating a revised contingency plan led by the acting Secretary of Education, who has …

Australian supermarket chain Woolworths, which accounts for about 40 percent of New Zealand’s supermarket sales, increased first-half revenue 2.3 percent on this side of the Tasman, even as trading conditions remain tough and consumer price growth non-existent. The group’s New Zealand supermarkets increased sales to $2.94 billion in the 27 weeks ended Dec. 30 from $2.88 billion a year earlier, …

Four in 10 people plan to raise their credit limit during the next three months as they feel more comfortable about their financial situation and contemplate major purchases. The figure in Dun & Bradstreet’s consumer credit expectations survey for the March 2103 quarter is up from one in four during the December quarter and has risen 35 percent in the …

New Zealand’s highest court has begun hearing the final stage in a challenge by Maori to require settlement of Treaty of Waitangi claims to freshwater before any partial privatisation of state-owned power companies goes ahead. buy online essays Colin Carruthers QC opened submissions for the New Zealand Maori Council before a full five judge bench of the Supreme Court, in …

Accounting software firm Xero had $85 million of cash at the end of 2012 after raising $60 million in a private placement in December. The figure is revealed in its first quarterly cashflow report, which is required by the ASX. Xero took up a secondary listing on ASX in November. The report shows net operating and investing cash outflows for …

Reserve Bank governor Graeme Wheeler singled out rising house prices as a threat to the country’s financial stability and kept the official cash rate at 2.5 percent, as expected, saying the overvalued New Zealand dollar was holding consumer prices below the bank’s target band. “The bank does not want to see financial stability or inflation risks accentuated by housing demand …

People’s Daily editor Zhang Xinyu in a signed editorial has criticised the tactics used by  Fonterra and the New Zealand Government t0 minimise the DCD problem as “not smart.” Zhang notes the Ministry of Primary Industries insists that traces of DCD did not pose a threat to food safety – quoting MPI’s statement that on the highest levels detected, a 60-kg person …

Face-to-Face is a new feature from newzealandinc.com where we sit down for a chat with young business leaders from around the globe. We’ll be running a special series of these from China where we talk to young New Zealanders doing big things on the ground here. Next in our Face to Face – China series is Andrew Johnson. An editor …

New Zealand Bloodstock’s 2013 premier sale wrapped up at Karaka on Tuesday with 323 of the 441 lots sold. The total raised of $51.05 million was $3.085 million less than in 2012, with 27 fewer horses sold. The sale average of $158,054 is a 2 percent increase on last year’s figure, while the median was unchanged at $120,000. The clearance …