TPP central banks to refrain from currency manipulation
By Paul McBeth Nov. 6 (BusinessDesk) - The Reserve Bank of New Zealand and its 11 counterparts in the Trans-Pacific Partnership trade and investment pact have agreed to avoid unfair currency manipulation as part of a regionwide push for greater cooperation, adopting an initiat...
NZ govt books back in the red in first three months of 2016 year, tax take beats estimate
By Paul McBeth Nov. 6 (BusinessDesk) - The New Zealand government's books were back in the red in the first three months of the 2016 financial year, though a bigger-than-expected tax-take and smaller workplace insurance liability meant the deficit was below forecast. The op...
ComCom says not enough competition in dairy to warrant full deregulation
By Paul McBeth Nov. 6 (BusinessDesk) - The Commerce Commission doesn't see enough competition in the dairy sector to consider full deregulation, particularly at the processing level, which may benefit from a gradual loosening of the rules. The regulator's draft report on da...
Mega raises another $2.98 mln from shareholders, further diluting minorities
By Paul McBeth Nov. 4 (BusinessDesk) - Mega, the file storage and encryption firm, raised another $2.98 million from shareholders, flooding its register with new stock and effectively giving its two biggest shareholders the ability to force a sale. The Auckland-based compan...
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