Govt tasks MPI, Crown Irrigation to review funding commitments
By Paul McBeth Dec. 7 (BusinessDesk) - The Ministry for Primary Industries and Crown Irrigation Investments Ltd (CIIL) are reviewing the previous administration's mechanism for funding water storage schemes to figure out what the government is on the hook for. MPI investme...
Communications Minister Curran delves deeper into digital convergence
By Paul McBeth Dec. 7 (BusinessDesk) - Communications and Broadcasting Minister Clare Curran has shelved existing work on the blurring lines between telecommunications and broadcasting, known as digital convergence, to revisit inconsistencies in the way online content is regul...
Trustpower moves to mop up remaining 35% of King Country Energy
By Paul McBeth Dec. 7 (BusinessDesk) - Trustpower plans to mop up the remaining 35 percent of King Country Energy that it doesn't own, signing a deal with previous hold-out King Country Electric Power Trust to buy out minority shareholders. The Tauranga-based utility compa...
NZ dollar falls as Fonterra cuts forecast, US tax reform seen stoking greenback repatriation
By Paul McBeth Dec. 7 (BusinessDesk) - The New Zealand dollar fell as Fonterra Cooperative Group cut its forecast farmgate payout on weak global dairy prices, while the greenback was buoyed by the prospect of major US tax reform triggering the repatriation of US dollars. T...
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