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Business New Zealand

  • The Canadian Pension Plan Investment Board formally launched a $1.4 billion bid for a stake in New Zealand's Auckland International Airport on Friday, prompting the airport to seek rival offers.

  • Canada's state pension fund said on Wednesday it would make an all-cash offer for a stake of up to 40 percent in NZ's Auckland International Airport, a week after the company rejected a previous offer.

  • Telecom Corp. of New Zealand, which is being forced to split up by the government, posted a flat first-quarter net profit, and slightly increased its profit forecast range but said its forecasts were clouded because of regulation.

  • New Zealand's central bank held interest rates steady at 8.25 percent on Thursday, as expected, but said rising food prices and increased government spending were adding to persistent inflation pressures.

  • beer_generic_1.jpg

    A New Zealand brewer is offering a lifetime supply of free beer in exchange for the return of a laptop stolen in a break-in.

  • Do you remember the bug scene in King Kong (the 2005 version) where the heroes get dumped by Kong into the bottom of a ravine filled giant insects?  Well, one of those creepy crawlies might just have been a weta.

  • AP Photo/Gary Kazanjian

    Ask any New Zealander, better known as Kiwis, -- what is ugly as sin and tasty as hell? -- and the response you will get is a kiwi!

  • New Zealand has set its sights on reinventing itself into a "weightless economy" by increasing its competitive edge in the global economy. But what exactly is a "weightless economy"?

  • New Zealand has set its sights on reinventing itself into a "weightless economy" by increasing its competitive edge in the global economy. But what exactly is a "weightless economy"?

  • New Zealand's finance minister Michael Cullen said on Thursday the country's currency, which has fallen more than 7 percent against the U.S. dollar during the global credit squeeze, was overvalued and he expected it to fall further.

  • New Zealand casino operator Sky City Entertainment Group said on Wednesday it expected another company to examine its books, which could result in a takeover bid.

  • Trade between New Zealand and China is expected to receive a boost next year as both countries are likely to seal the Free Trade Agreement (FTA) by April 2008 at the latest.

  • A quick overview of NZ, its current state of finance and a forecast of the next few years for this rapidly developing market.

  • All this week, CNBC's "Asia Squawk Box" is on the road in New Zealand. "Asia Squawk Box" will take a look at all things Kiwi -- its economy, the booming tourism industry, New Zealand's growth as a film locale and post production facility, its wining and dining exports and much more.

  • New Zealand's government said on Wednesday it would not change its plan to force the former state telephone monopoly Telecom Corp. of New Zealand to split into three separate operating divisions.

  • A Canadian state pension fund said on Wednesday it will seek a significant minority stake in New Zealand's Auckland International Airport in a proposed offer that values the whole company at as much as $3.5 billion.

  • New Zealand's Reconstruction Era

    Bill English, Deputy Prime Minister & Finance Minister of New Zealand says banks in the euro zone have been in trouble for a long time and more issues will pop up.