Regulator pushes out Z's bid to buy Chevron assets to end of April
By Paul McBeth Dec. 18 (BusinessDesk) - The Commerce Commission has delayed its decision on whether to approve Z Energy's application to buy Chevron New Zealand's service station chains until the end of April, adding about $10 million to the cost of the acquisition. The re...
Vodafone cuts off reseller Intagr8
By Paul McBeth Dec. 17 (BusinessDesk) - Vodafone New Zealand, the country's biggest mobile phone operator, has cut off commercial telecommunications reseller Intagr8 after protracted payment negotiations fell over. Auckland-based Vodafone terminated its wholesale service t...
NZ dollar falls after Fed kicks off tightening cycle with quarter-point hike
By Paul McBeth Dec. 17 (BusinessDesk) - The New Zealand dollar fell after the Federal Reserve began its well-signalled plan to start raising interest rates gradually over the coming years, ending the near-zero rate policy that's been in place since December 2008. The kiwi ...
Chorus credit rating on notice for upgrade on copper decision, Moody's says
By Paul McBeth Dec. 17 (BusinessDesk) - Chorus's credit profile will get a closer look by global ratings agency Moody's Investors Service with a view to raising it after the market deemed it a winner from the Commerce Commission's final decision setting the network operator's...
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