Alex Swney pleads guilty to $4m fraud

Auckland businessman Alex Swney has admitted a new charge, taking his total amount obtained through fraud to more than $4 million.The 57-year-old former Heart of the City boss appeared in Auckland District Court this afternoon on…

High profile lawyer Mai Chen appointed as a director of BNZ

Tweet High profile lawyer Mai Chen is joining BNZ’s board. The bank announced Chen, co-founder of law firm Chen Palmer alongside ex-Prime Minister Geoffrey Palmer,  will take up a role as a BNZ independent director effective today, April 21. Her appointment has been approved by the Reserve Bank. In a statement BNZ chairman John Waller described Chen’s appointment as aligning with BNZ’s mission of supporting a …

Jetstar in 'opt out' pricing probe

Jetstar is under investigation by the Commerce Commission over its use of “opt-out pricing” on the airline’s website.Air New Zealand faced a similar investigation over the practice in January in relation to the way insurance was…

Petrol prices now rise and fall faster – NZIER

Rising global prices for crude oil and a 4 cents per litre increase in petrol prices this week saw Z Energy release updated research today from the New Zealand Institute of Economic Research showing petrol prices react to international…

Ron Brierley resigns from Coats

Sir Ron Brierley, the prolific corporate raider and founder of one-time sharemarket giant Brierley Investments, has resigned from the board of Coats, formerly Guinness Peat Group (GPG).In a statement Coats chairman Mike Clasper…

China launches three new free-trade zones

China is launching three new free-trade zones, building on a project that began in Shanghai to much fanfare but has so far undershot expectations.The free-trade zones (FTZs) will be opened in the southern province of Guangdong,…