IRD owed $7 mln by Graeme Hart's UCI Holdings, judgment shows
By Paul McBeth June 9 (BusinessDesk) - The Inland Revenue Department is among creditors owed money by Graeme Hart's UCI Holdings, the autoparts business that filed for bankruptcy in the US to restructure what became an unmanageable debt. In the High Court in Auckland, Just...
RBNZ's Wheeler keeps OCR at 2.25%, sees inflation accelerating; kiwi jumps
By Paul McBeth June 9 (BusinessDesk) - Reserve Bank governor Graeme Wheeler left the official cash rate unchanged, saying he expects an eventual pickup in inflation as the New Zealand dollar falls, oil and dairy prices rise, and capacity pressures increase. The kiwi dollar jum...
Z directors seek $100,000 bump to fee pool
By Paul McBeth June 8 (BusinessDesk) - Z Energy's seven-strong board wants to bump up the pool for directors' fees 11 percent to $1 million for what's a much larger company since taking over the assets of Chevron New Zealand. On July 1, the Wellington-based company's share...
Michael Hill eyes tax benefit of up to A$22 mln in ASX shift
By Paul McBeth June 8 (BusinessDesk) - Michael Hill International stands to reap a tax benefit of up to A$22 million as part of a restructure to shift its primary listing to Australia's stock exchange. The Brisbane-based company will ask shareholders to approve resolutions...
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