Envirowaste cuts deal with regulator over attempted waste oil collection collusion
By Paul McBeth Sept. 29 (BusinessDesk) - Enviro Waste Services has cut a deal with the Commerce Commission over claims the waste management firm tried to collude with a competitor in Nelson in collecting waste oil. The antitrust regulator filed proceedings in the High Court...
NZ dollar may gain vs. Australian dollar as upbeat dairy trumps weaker iron ore outlook
By Paul McBeth Sept. 28 (BusinessDesk) - The New Zealand dollar may gain against its Australian counterpart on speculation a rebound in global dairy prices has reduced the chance for another rate cut, while the weaker outlook for iron ore prices could add to the case for lower...
RBNZ pays $510 mln dividend as tumbling kiwi dollar fattens FX gains
By Paul McBeth Sept. 28 (BusinessDesk) - The Reserve Bank of New Zealand will pay a $510 million dividend to the government, its biggest since 2009, after the falling kiwi dollar generated a gain from the central bank's holdings of offshore currencies. The Wellington-based...
Comvita to take 19.9% stake in SeaDragon in rights offer, securing fish oil supply
By Paul McBeth Sept. 28 (BusinessDesk) - Comvita will take a 19.9 percent stake in SeaDragon, helping provide funding for the fish oil refiner to complete a new manufacturing facility in Nelson, and giving the health products maker a secure supply of fish oil as it looks to ex...
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