Fishing, mining interests in Kermadec sanctuary won't attract compensation
By Paul McBeth Sept. 29 (BusinessDesk) - The government won't compensate commercial fishing companies for lost catch in the proposed Kermadec ocean sanctuary, in what it sees as holding "very little viable commercial fishing." At the United Nations General Assembly in New Y...
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...
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