More shop workers are stepping forward to complain in what is believed to be a “widespread” problem of big-name retailers failing to pay for work meetings, First Union says.

The voluntary administrators of the troubled insurance company, CBL Corporation, have recommended it be placed into liquidation.

Analysis – The new governor of the Reserve Bank, Adrian Orr, looked slightly disheveled at the podium, Patrick O’Meara writes.

The government has issued a warning to businesses which aren’t properly paying staff for their time: Fix it, because “we will be coming knocking”.

Manufacturing sector activity has hit its highest level in more than two years driven by a rebound in production and new orders.

There’s been a significant increase in the number of properties sold last month, while prices dipped, according to new figures.

Xero has cut its full year net losses by 60 percent and reported an underlying profit for the first time.

Some companies are exploiting migrants who lack an understanding of New Zealand’s employment laws, a union representing orchard workers says.

The increasing preference of offshore production could push the New Zealand textile industry to die off within two years, the founder of outdoor apparel brand Swazi says.

The Reserve Bank has held its cash rate unchanged as expected amid subdued inflation and moderate economic growth.