Carbon markets unfazed by news Trump pulls out of Paris deal, traders say
By Rebecca Howard June 2 (BusinessDesk) - Carbon markets in Europe and in New Zealand are taking news the US will put out of the Paris Agreement in their stride as countries around the world reaffirm their commitment to the accord. In a widely expected outcome, US Preside...
NZ dollar outshines Aussie as China data weighs across Tasman
By Rebecca Howard June 1 (BusinessDesk) - The New Zealand dollar touched a fresh four-month high against its Australian counterpart after the Aussie was weighed by China's Caixin manufacturing performance index. The kiwi traded at 95.60 Australian cents at 5pm in Wellingto...
NZ Binxi builds 20% stake in Blue Sky Meats, may revisit takeover after getting OIO signoff
By Rebecca Howard June 1 (BusinessDesk) - China's Heilongjiang Binxi Cattle Industry Co won't rule out revisiting its takeover of Invercargill meat processor Blue Sky Meats now that the deal has Overseas Investment Office approval, having abandoned the bid in March when the OI...
UPDATE: Government announces final details of Telecommunications Act reform
(Recasts lede, adds comment from Vocus CEO starting in sixth paragraph). By Rebecca Howard June 1 (BusinessDesk) - Telcos have responded positively to news the government announced the final details of the reform package for the Telecommunications Act that refines regulat...
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