News in Brief
News in Brief
Infrastructure
Transpower appoints energy veteran as new CEO
Transpower, the entity responsible for electric power transmission in New Zealand, has appointed energy sector veteran James Kilty as its new chief executive.Kilty has been the CEO of Powerco, an electricity and gas distribution company, for the past three years.His departure fro...
Markets
ASX: Australian shares rebound slightly after sharp sell-off
By Derek RoseThe Australian share market has put together a modest bounce, clawing back some of the previous day's sharp losses – although energy stocks continued their decline.The benchmark S&P/ASX200 index on Thursday finished up 31.9 points, or 0.4%, to 7,982.4, while the...
Finance
Lending rules further eased
The Government is continuing to pick away at consumer protections, criticised for making it unnecessarily difficult to borrow money.Cabinet has agreed to further change the Credit Contracts and Consumer Finance Act (CCCFA) so lenders don’t find themselves in too much hot water if...
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