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Yen, gold gain, stocks drop as prospects of Trump presidency unsettle markets
By Sophie Boot Nov. 9 (BusinessDesk) - The yen strengthened and gold rose, while stock markets fell as US presidential election results showed the possibility of a win by Donald Trump, sending investors to so-called safe haven assets. The S&P/NZX 50 Index fell 2.4 percent t...
IRD delayed multinational tax crackdown due to private sector, investment concerns
By Sophie Boot Nov. 9 (BusinessDesk) - New Zealand has delayed cracking down on multinational tax avoidance due to private sector concerns over timing and concerns about "scaring away" foreign investment, the Inland Revenue Department says. Wide-ranging reforms to corporate...
Mercer to buy automation firm Haden & Custance for $2.25M
By Paul McBeth Nov. 9 (BusinessDesk) - Mercer Group plans to buy Hastings-based Haden & Custance for $2.25 million as the unprofitable stainless steel fabricator transitions to a food processing and packaging business. The Christchurch-based company entered into a conditio...