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NZ dollar gains on reports Trump has tapped Powell as new Fed chair
By Rebecca Howard Nov. 2 (BusinessDesk) - The New Zealand dollar gained on reports that US President Donald Trump has selected Jerome Powell as the next chair of the US Federal Reserve although traders say the bounce may be short-lived. The kiwi rose to 69.22 US cents as a...
Commerce Commission files injunction to stop Platinum Equity buying OfficeMax
By Jonathan Underhill Nov. 2 (BusinessDesk) - The Commerce Commission has sought a High Court injunction to prevent US private equity firm Platinum Equity from acquiring OfficeMax Holdings. The transaction is part of a larger deal announced by Platinum Equity in April to ac...
Navis Capital bought 75% of Mainland Poultry as existing holders reduced stakes
By Jonathan Underhill Nov. 2 (BusinessDesk) - Private equity firm Navis Capital ended up with 75 percent of Mainland Poultry, New Zealand’s biggest egg producer, after existing shareholders led by managing director Michael Guthrie sold down their holdings. Navis confirmed i...
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