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Appeal Court questions whether government should regulate media in merger appeal
By Sophie Boot June 7 (BusinessDesk) - The Court of Appeal is grappling with whether the Commerce Commission is able to consider unquantifiable public benefits, like a diverse media, against quantified economic benefits when it makes merger decisions, as New Zealand's dominant...
Whanganui District credit rating upgraded as new wastewater plant closes chapter on embarrassing failure
By Jonathan Underhill June 7 (BusinessDesk) - Whanganui District Council has been rewarded for building a new wastewater plant within budget with cheaper borrowing costs via a credit rating upgrade at Standard & Poor's. The $42 million facility is in its commissioning phase...
'No plans' to separate monetary policy and prudential supervision in Phase 2 of RBNZ review
By Rebecca Howard June 7 (BusinessDesk) - The government is "not planning" to separate the Reserve Bank's separate monetary policy and prudential supervision responsibilities in the second phase of the review of the Reserve Bank Act - aimed at the financial stability role and...
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