NZ banks say bill to meet central bank's new outsourcing rules will top $870M
By Paul McBeth Feb. 3 (BusinessDesk) - New Zealand's lenders say they will have to fork out as much as $870 million to meet the Reserve Bank's new plans for what services can be outsourced. The RBNZ final policy decisions on rules defining how banks outsource some function...
Fulton Hogan, Aurecon win $40.7 mln job to replace three Northland bridges
By Paul McBeth Feb. 3 (BusinessDesk) - Civil construction firm Fulton Hogan and engineer Aurecon have won $40.7 million of work to replace three one-way bridges in Northland as part of the government's pledge to improve the region's neglected transport infrastructure. Tran...
Solid Energy to close Spring Creek mine after no buyers emerge
By Paul McBeth Feb. 3 (BusinessDesk) - Solid Energy will shut and seal the Spring Creek mine after failing to find a buyer for the shuttered Dunollie operation on the West Coast. The failed state-owned coal miner said mining at the site stopped in 2012 when a review found...
Intueri to quit Australia after losing subsidies, says all assets may be up for sale
By Paul McBeth Feb. 3 (BusinessDesk) - Intueri Education Group will quit Australia by the end of the year after losing federal government subsidies and is considering bids for some of its assets, saying it was probably in breach of its banking covenants in 2016. The Auckla...
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