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Vero to appeal regulator's rejection of Tower takeover
By Paul McBeth Aug. 23 (BusinessDesk) - Suncorp Group's Vero Insurance unit will appeal the Commerce Commission's rejection of its $236 million takeover bid for Tower, and has the backing of the NZX-listed general insurer's board. Auckland-based Tower has been told by Vero...

NZ dollar falls as greenback gains ahead of Jackson Hole summit, Prefu looms
By Jonathan Underhill Aug. 23 (BusinessDesk) - The New Zealand dollar fell ahead of the pre-election fiscal and economic update this morning and as the greenback gained before the annual central banking conference in Jackson Hole, Wyoming later this week. The kiwi declined...

While you were sleeping: Renewed hope on US tax reform
By Margreet Dietz Aug. 23 (BusinessDesk) - Wall Street climbed amid reports that the Trump administration is making headway on a tax reform plan. President Donald Trump’s top aides and congressional leaders have made significant strides in shaping a tax overhaul; there is b...