NZ dollar heading for weekly drop of 2.5% on uncertainty over new govt
By Rebecca Howard Oct. 20 (BusinessDesk) - The New Zealand dollar continued to fall and was headed for a weekly drop of 2.5 percent as investors digest news that Jacinda Ardern will be the next prime minister after NZ First leader Winston Peters said he would support a Labour-...
ComCom right to reject media merger, court hears
By Sophie Boot Oct. 20 (BusinessDesk) - In the fifth day of the media merger appeal, the Commerce Commission's lawyers have begun their arguments against overturning the regulator's rejection of the country's two largest print media companies joining together. The court h...
NZ dollar weaker, still waiting on Winston Peters
By Rebecca Howard Oct. 19 (BusinessDesk) - The New Zealand dollar drifted lower as the market awaits an announcement on the formation of the new government, amid reports that details of the negotiations between the NZ First, Labour and National parties are becoming protracted....
UPDATE: Zeta Resources bid for NZ Oil & Gas fails, H&G plans to accept OGOG offer
(Recasts lead and adds comment from H&G managing director David Cushing starting in paragraph five) By Rebecca Howard Oct. 19 (BusinessDesk) - Private investment firm H&G will accept Ofer Group Oil & Gas' offer for New Zealand Oil & Gas after ASX-listed Zeta Resources' pla...
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