RESEND: New PM: English cites 'strong support', won't name preferred deputy
(Removes redundant last sentence in original) By Pattrick Smellie Dec. 8 (BusinessDesk) - Finance Minister Bill English says he is "finding strong support in the caucus” for his bid to replace John Key as Prime Minister next Monday after Key unexpectedly announced his resig...
Spending wins over tax cuts; big ticket items get boost
By Pattrick Smellie Dec. 8 (BusinessDesk) - Income tax cuts are on hold as the government says “responding to the earthquakes and reducing debt are currently of higher priority”, although election year tax sweeteners remain possible. Today’s Budget Policy Statement shows a...
Fairfax boss warns of 'end game' if merger disallowed
By Pattrick Smellie Dec. 7 (BusinessDesk) - The chief executive of Australasian news publisher Fairfax Media, Greg Hywood, warned Commerce Commission hearings on the proposed merger between NZME and Fairfax's New Zealand assets that it would "become endgame" if the merger was...
CORRECT: $300M benefit to consumers touted from embedded generation subsidy removal
(Corrects annual value of benefit in first paragraph) By Pattrick Smellie Dec. 6 (BusinessDesk) - The Electricity Authority is ending subsidies to power stations that are embedded in local electricity networks rather than connected to the national grid in a move the regulat...
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