NZ dollar gains as US interest rate track weighed before Yellen testimony
By Paul McBeth Dec. 2 (BusinessDesk) - The New Zealand dollar gained as investors try to gauge the potential pace of US interest rates hikes, ahead of speeches by Federal Reserve chair Janet Yellen. The kiwi traded at 66.61 US cents at 5pm in Wellington from 66.75 cents ye...
Goldsmith puts competition, adviser law reviews at top of 2016 wishlist
By Paul McBeth Dec. 2 (BusinessDesk) - Commerce Minister Paul Goldsmith says reviews covering competition and financial adviser law are his top priority for the coming year. Goldsmith took on a large backlog of work when he inherited the commerce and consumer affairs portfo...
IRD eyes hybrid instruments, related party debt in global tax avoidance clamp-down
By Paul McBeth Dec. 2 (BusinessDesk) - The Inland Revenue Department is looking at the tax treatment of hybrid debt and equity instruments and the use of related party loans funding local subsidiaries as part of a global clamp-down on tax avoidance. Acting deputy commissio...
Fletcher Building-run repair programme delivered value for money, EQC says
By Paul McBeth Dec. 2 (BusinessDesk) - The Fletcher Building-managed home repair programme in Christchurch has delivered value for money in a project with no international comparisons, with work done cheaper than the cost of building new houses, the Earthquake Commission says....
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