The government is considering how to fund New Zealand's adaptation to climate change, following a working group's report which recommends 21 key actions across central and local government and the private sector.
New Zealand shares dropped after Fonterra Cooperative Group cut its dividend forecast, weighing on the Fonterra Shareholders' Fund and A2 Milk Co. Steel & Tube Holdings plunged to a 17-year low after warning of a full-year loss.
The Court of Appeal has backed the High Court's ruling that the Australian producer which bought Greenstone TV in 2013 must pay the television production company's founders about $555,000.
New Zealand's annual net migration continued to slow in April as more non-New Zealanders left the country, though the number of immigrants rose.
New Zealand shares rose, led by A2 Milk Co and Synlait Milk while Pushpay fell after annual earnings met its guidance, disappointing some upbeat investors.
The Meat Workers Union says changes to New Zealand's employment law would let them prevent Talleys-owned meat processor Affco from barring unions and taking bargaining to court, a tactic which costs the workers' advocate half a million dollars a year in legal fees.
A review of global stock indices by MSCI will, as expected, add A2 Milk Co to the international investment advisor's main global index, with Mercury New Zealand to be removed.
New Zealand shares rose ahead of the MSCI rebalancing tomorrow, with possible addition A2 Milk leading gains while Fletcher Building and Mercury New Zealand, rumoured to be leaving, dropped.
New Zealand's services sector activity, which accounts for about two-thirds of the economy, dropped back in April but remained above the long-run average.
CBL Corp's voluntary administrators say a creditors' watershed meeting will be held next week, with their opinion on whether the company should be liquidated to be released today.