Business News

China’s Factory Activities Suffer in May as Orders Drop

China’s Factory Activities Suffer in May as Orders Drop

In May, China's factory activities did not get any better with months of successive drops. On Wednesday a private survey revealed that new orders softened, leading to loss of hope for any recovery soon in the huge manufacturing sector of the country.

Labour ties up with Greens to change government

Labour ties up with Greens to change government

The Labour party has signed a memorandum of understanding with the Greens to work together to change the government in the country.

US Private Equity Firm Blackstone Invests $200 Million in Partners Life

US Private Equity Firm Blackstone Invests $200 Million in Partners Life

Partners Life, the life insurer based in Auckland announced that US private equity firm Blackstone is investing $200 million in the company and will hold lesser than fifty percent with "a significant minority shareholding". However the specific level of holding was not disclosed.

Kathmandu Draws Criticism on Social Media after Staff was Seen Destroying Goods

Kathmandu Draws Criticism on Social Media after Staff was Seen Destroying Goods

On Saturday, Christchurch, New Zealand based outdoor and travel apparel, gear and accessories retailer Kathmandu, drew criticism on the social media for destroying clothing and sleeping bags which could have been donated to the homeless people.

English blames Auckland City Council for the housing crisis

English blames Auckland City Council for the housing crisis

Finance Minister of New Zealand, Bill English has said that the Auckland City Council is to be blamed for the housing crisis.The minister said that it is the council's responsibility to ensure infrastructure funding is available and not the central government of the country.

Bill English indicates tax cut is possible for middle income earners

Bill English indicates tax cut is possible for middle income earners

Finance Minister Bill English has indicated that he might consider cutting taxes for middle income earners during the year 2017.

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