NZ Treasury to study policy advice after papers miss target for technical quality
By Paul McBeth Oct. 22 (BusinessDesk) - The Treasury will put its policy advice under the microscope to figure out if it has a "systemic" problem after missing its technical performance target, and will revisit regulatory impact statements which were well short of expectations...
Fitch follows suit in cutting Fonterra credit rating as falling dairy prices stretch balance sheet
By Paul McBeth Oct. 22 (BusinessDesk) - Fonterra Cooperative Group's long-term credit rating has been cut by Fitch Ratings, the second global rating agency to do so in as many weeks, as falling dairy prices and a volatile market stretch the dairy exporter's balance sheet. T...
Property deals drive NZ M&A activity in financial sector in 2015
By Paul McBeth Oct. 21 (BusinessDesk) - Large property and real estate deals have led merger and acquisition, and private placement activity in New Zealand's financial sector for a second year. The financial sector's $4.51 billion of M&A and private placement deals in the 1...
Snakk Media posts first positive quarterly earnings as sales rise 13%
By Paul McBeth Oct. 21 (BusinessDesk) - Snakk Media, which aggregates publishers’ ad space on mobile devices and matches it to advertisers’ demand, posted its maiden quarterly earnings result as sales rose 13 percent. The Auckland-based company reported earnings before inte...
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