Augusta's $87 mln sale of Auckland Finance Centre falls through
By Paul McBeth Oct. 23 (BusinessDesk) - The buyer of Augusta Capital's Auckland Finance Centre property has abandoned the deal, depriving the listed property investor and fund manager of $87 million from the proposed sale. The Auckland-based company said the due diligence c...
NZ dollar edges up as gain in Chinese stocks allays growth fears; ECB looms
By Paul McBeth Oct. 22 (BusinessDesk) - The New Zealand dollar edged up as a gain in Chinese equity markets helped quell fears about the health of the world's second-biggest economy, ahead of the European Central Bank meeting where traders will be watching for any hint of more...
Crown Fibre's mandate will extend to rural broadband, mobile black spots
By Paul McBeth Oct. 22 (BusinessDesk) - Crown Fibre Holdings, the government entity tasked with overseeing the taxpayer-sponsored fibre network build, will have its mandate extended to cover rural connectivity, which Communications Minister Amy Adams wants delivered at faster...
NZ Refining ekes out extra margin from recent upgrades
By Paul McBeth Oct. 22 (BusinessDesk) - New Zealand Refining, operator of the country's only oil refinery, added an extra US cent to its margins from recent upgrades, and anticipates further gains from a bigger project to be completed next month. The Whangarei-based company...
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