China Construction Bank NZ ordered to pay 'principal's bond' to Clark Road contractor
By Jonathan Underhill Dec. 18 (BusinessDesk) - China Construction Bank (New Zealand) has been ordered to pay out on a 'principal's bond' after a contractor working for one of the developers of the Scott Point special housing area in Hobsonville, Auckland, won summary judgment...
South Port to defend Invercargill City Council suit seeking land transferred in 1988
By Jonathan Underhill Dec. 18 (BusinessDesk) - South Port NZ, whose biggest shareholder is Southland Regional Council, says it will defend proceedings filed by Invercargill City Council seeking title to land transferred to the port when it was established in 1988. The counc...
NZ dollar gains to month-high vs pound as weaker Brexit mulled
By Jonathan Underhill Dec. 18 (BusinessDesk) - The New Zealand dollar rose to a month-high versus a broadly weaker pound on speculation the progress of Brexit negotiations could slow and fell versus the greenback on optimism about US tax cuts. The kiwi dollar traded at 52.5...
World Week Ahead: Will US tax bill pass?
By Margreet Dietz Dec. 18 (BusinessDesk) - Wall Street starts the week at record highs as investors bet that the long-awaited US tax reform plan might be passed by Congress, and sent to the White House, as early as this week. "Markets will be paying close attention to Washi...
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