Genesis Energy agrees to buy LPG assets from Todd's Nova Energy for $192M
By Jonathan Underhill May 1 (BusinessDesk) - Genesis Energy has agreed to acquire the retail LPG business of Todd Corp's Nova Energy unit for $192 million, a move that will give New Zealand's biggest electricity retailer almost a fifth of that market. The deal, which is sub...
Intueri says indicative offers for remaining assets point to shortfall in repaying bank debt
By Jonathan Underhill May 1 (BusinessDesk) - Intueri Education Group says indicative offers for its remaining New Zealand colleges would not generate enough funds to repay all of $70.7 million in debt with ANZ Bank New Zealand. As a result, the company would have "insuffici...
NZ dollar remains below 69 US cents on weaker commodities, trade threats
By Jonathan Underhill April 28 (BusinessDesk) - The New Zealand dollar was little changed below 69 US cents, having fallen along with other commodity-linked currencies as raw material prices fell and the market focussed on US President Donald Trump's protectionist approach to...
NZ dollar falls as commodity prices weaken; ECB keeps policy unchanged
By Jonathan Underhill April 28 (BusinessDesk) - The New Zealand dollar fell to a 10-month low as weaker commodity prices restrained the currencies of countries that export raw materials, while the European Central Bank kept its policy settings unchanged as expected. The kiw...
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