Australian government approves New Plymouth's Van Diemen's Land sale
By Edwin Mitson Feb. 23 (BusinessDesk) - The body which oversees the sale of Australian assets to foreign investors, the Australian Foreign Investment Review Board, has approved the sale of Van Diemen's Land Co in Tasmania by New Plymouth District Council's Perpetual Investmen...
New Zealand to join Australian medical research fund
By Edwin Mitson Feb. 23 (BusinessDesk) - New Zealand life science and medical research companies will be able to bid for millions of Australian dollars in funding to support new drugs and medical developments after the government signed up to Australia's Medical Research Comme...
Tower puts maximum bill for Winston in Fiji at $7.2 mln
By Edwin Mitson Feb. 23 (BusinessDesk) - Tower, the New Zealand general insurer, says its maximum exposure to Cyclone Winston in Fiji is $7.2 million, but that it will take a number of days to assess the damage. Twenty-one people are so far believed to have been killed from...
Fletcher Building makes Higgins case to Commerce Commission
By Edwin Mitson Feb. 18 (BusinessDesk) - Fletcher Building has set out its case to the Commerce Commission as it seeks permission from the watchdog to buy roading contractor Higgins for $315 million. The deal to buy Higgins was announced earlier this month but is subject to...
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