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New Zealand Business News

Family's $340,000 in gold lost

A family with more than $340,000 invested with a gold bullion trader say they have been told by its owner they won't be getting it back.The Serious Fraud Office received two calls about Bullion Buyer website yesterday and SFO chief...

Rich-lister has US military in his sights

Kiwi rich-lister Alan Gibbs' amphibious vehicle company has turned its focus towards the defence and search and rescue markets, with new craft set to go on sale this year.In its first public demonstration yesterday, Gibbs latest...

World shares weaken on Greek limbo

Stock markets on both sides of the Atlantic were weaker overnight as investors feared another day might go by without an agreement that will secure Greece the financial rescue it needs to avoid collapse.Greece still hasn't finalised...

Fonterra takes another look at share trading

Dairy co-operative Fonterra is recommending a change to its plans for share trading in a bid to allay concerns from its farmer owners.Fonterra is planning a capital structure change - given 89.85 per cent support by farmers - aimed...

Auckland city 'short 20,000ha' for future housing

Auckland could need an extra 20,000ha to accommodate new houses in the next three decades if its current style of new housing is to continue.Martin Udale, ex-chief executive of McConnell Property, was commissioned by Ree Andersen,...

SkyCity conference project back on Joyce radar

Economic Development Minister Steven Joyce has rebooted a deal with casino company SkyCity Entertainment.The Government is easing gambling regulations and allowing more gambling capacity in return for SkyCity building a new conference...

Smartphone shipments at 158m

Global smartphone shipments surged 55 per cent in the fourth quarter, as demand for Apple's iPhone 4S countered declines by Research In Motion and Nokia Oyj, International Data Corporation said.Shipments advanced to 158 million...

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