Highly paid chief executives – such as Fonterra head Theo Spierings – are paid more in societies that are more tolerant of inequality, a researcher says.

Fonterra is defending the skyrocketing of its chief executive’s $8.3 million pay packet for the year, up nearly 80 percent from last year.

New Zealand banks are being urged to follow the lead of their Australian counterparts and scrap the ATM fee they charge customers of other banks.

Fonterra has reported a weaker full-year profit, as the rebound in milk prices hits its profit margins.

A Canadian building expert is urging New Zealand to make better use of its timber to construct more high-rise buildings using wood.

The Warehouse has blamed large restructuring costs and asset writedowns for a drop in profit of almost three quarters, and is warning of more costs to come.

The Financial Markets watchdog is cracking down on the directors of companies who misuse the Financial Service Providers Register.

New Zealand’s largest sheep meat exporter has bought a Singapore marketing company to improve access to Asian markets.

A $1 billion residential, tourism and recreational development is being proposed for just north of Hamilton.

Strong exports and solid retail spending from big sporting events are helping drive New Zealand’s economic growth.