NZ dollar heads for 2% decline as resurgent US yields stoke greenback demand
By Paul McBeth April 27 (BusinessDesk) - The New Zealand dollar is heading for a 2 percent drop against the greenback this week as rising yields on US bonds and the prospect for US interest rates to go even higher spurs demand for the world's reserve currency. The kiwi fel...
Former Abano shareholders ordered to pay $429k in disputed takeover costs
By Paul McBeth April 27 (BusinessDesk) - Abano Healthcare's former shareholder Healthcare Partners Holdings has been ordered to pay the listed medical services investment firm $429,000 in dispute costs that arose from a failed partial takeover bid. Justice Mathew Downs tod...
Seeka shareholder Farmind to cut stake to reduce foreign ownership
By Paul McBeth April 27 (BusinessDesk) - Seeka's biggest shareholder Farmind Corp will cut its stake in the fruit grower to reduce the company's foreign ownership below the Overseas Investment Office screening threshold. At today's annual meeting, the Te Puke-based company...
Lees-Galloway signals broader health & safety targets in draft strategy
By Paul McBeth April 27 (BusinessDesk) - Workplace Relations and Safety Minister Iain Lees-Galloway plans to expand the focus of what constitutes significant harm on the job in a draft health and safety strategy to lift the well-being of workers and in turn the productivity of...
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