Carter Holt loses bid to toss out huge leaky schools suit
By Paul McBeth July 29 (BusinessDesk) - Carter Holt Harvey has lost its final bid to throw out a claim that it's liable for the cost of fixing about 890 leaky schools, with the Supreme Court siding with the Ministry of Education. Chief Justice Sian Elias and Justices Willi...
NZ dollar dips below 71 US cts as investors eye more Bank of Japan stimulus
By Paul McBeth July 29 (BusinessDesk) - The New Zealand dollar slipped below 71 US cents as investors prepare for the Bank of Japan's policy review today which is expected to inject even more stimulus into the world's third-biggest economy. The kiwi fell to 70.77 US cents...
FMA issues conduct guidance as market correction risk grows
By Paul McBeth July 28 (BusinessDesk) - The Financial Markets Authority wants firms to have a better idea of its view on good business conduct as it races to shore up the country's regulatory framework in an environment of growing risk of market corrections. The market wat...
UPDATE: Trustpower 'very disappointed' with Supreme Court judgment
(UPDATE: recasts, adds comment from Trustpower in 6th par) By Paul McBeth July 27 (BusinessDesk) - Trustpower is "very disappointed" with a Supreme Court ruling dismissing its bid to claim tax deductions on $17.7 million of project costs in a case closely watched by large-s...
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