NZ private sector wage inflation misses expectations in June quarter
By Paul McBeth Aug. 3 (BusinessDesk) - New Zealand private sector wage inflation rose at a slower pace than expected in the second quarter as a growing labour market and static consumer prices continued to limit pay increases. Private sector ordinary time wages rose 0.4 pe...
Constructive RBNZ, media relationship not worth the risk and cost of lock-ups
By Paul McBeth Aug. 3 (BusinessDesk) - The Reserve Bank will end lock-ups for journalists and market analysts permanently after deciding the costs to police embargoes and the risk of another breach outweighed the benefits of having a positive relationship with the media or all...
NZOG chief Andrew Knight to leave before the end of the month
By Paul McBeth Aug. 3 (BusinessDesk) - New Zealand Oil & Gas chief executive Andrew Knight will leave the energy exploration company before the end of the month to pursue other business interests, ending almost five years in charge. Knight will depart the Wellington-based...
Powerhouse seeks up to A$20 mln in ASX listing to fund new investments
By Paul McBeth Aug. 3 (BusinessDesk) - Powerhouse Ventures, the Christchurch-based technology incubator, plans to raise up to A$20 million in an initial public offering on the Australian Securities Exchange to expand its portfolio of investments, including branching out across...
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