By Rebecca Howard July 11 (BusinessDesk) - Infratil's plan to buy up to 50 percent of Vodafone New Zealand has been cleared by the Commerce Commission. Infratil and Brookfield Asset Management sought Commerce Commission approval for their $3.4 billion purchase of Vodafone G...
By Pattrick Smellie July 11 (BusinessDesk) - Financially distressed banks may need to go through the controversial Open Banking Resolution process and fail before the government's proposed deposit guarantee would come into play, KPMG says. "Under the Open Banking Resolution...
By Victoria Young July 10 (BusinessDesk) - Fund managers say the growing market for responsible investment may bring potential conflicts with their fiduciary duty toward clients. The responsible investment market in New Zealand rose by 2.5 percent to $188 billion last year...
(Updates to show Mercury's extra tax charge in 1st, 4th & 5th paragraphs; corrects headline; updates share price in last paragraph.) By Victoria Young July 8 (BusinessDesk) - Inland Revenue has won a tax case against Mercury NZ over the tax classification of two of its turb...
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