CORRECT: Meridian positive on what new government has flagged to date, CEO Binns says
(Fixes typo in third, sixth paragraphs) By Rebecca Howard Oct. 26 (BusinessDesk) - Outgoing Meridian Energy chief executive Mark Binns said there is a lot of detail in the coalition proposals from Prime Minister-designate Jacinda Ardern's government the company is keen to e...
China's Yili eyes another $200M investment as NZ dairy operations pick up steam
By Rebecca Howard Oct. 26 (BusinessDesk) - As China's Inner Mongolia Yili Industrial Group eyes up a possible expansion into Australia, its New Zealand operation is picking up steam with plans to build a state-of-the-art laboratory and to invest at least another $200 million. ...
NZ dollar falls on political jitters, Aussie CPI
By Rebecca Howard Oct. 25 (BusinessDesk) - The New Zealand dollar fell further against the greenback, weighed by ongoing political jitters and weaker-than-expected Australian inflation data. The kiwi was trading at 68.88 as at 5:15 pm from 69.02 cents as at 8am in Wellingto...
OG Oil & Gas extends takeover offer for NZ Oil & Gas by a month
By Rebecca Howard Oct. 25 (BusinessDesk) - OG Oil & Gas has extended the closing date of its partial takeover bid for New Zealand Oil & Gas by one month to Dec. 9, while shareholder H&G has tendered its entire 9.2 percent stake into the offer. OGOG, the oil and gas division...
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