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Tougher admission rules to hit NZ companies with ASX listing plans
By Fiona Rotherham July 20 (BusinessDesk) - New admissions rules by the Australian Stock Exchange represent a new hurdle for the accelerating number of New Zealand companies listing across the Tasman. In the past three years, the number of kiwi companies either sole or dual...
Nuplex says Allnex A$1 billion takeover delayed beyond August
By Fiona Rotherham July 21 (BusinessDesk) - Global resins maker Nuplex Industries says the planned A$1 billion takeover by Allnex is now not likely to take place in August as previously advised because of delays getting anti-trust clearance in the European Union. In a state...
RBNZ says rate cut seems likely as strong kiwi softens inflation outlook
By Paul McBeth July 21 (BusinessDesk) - The Reserve Bank will likely cut interest rates further as a persistently strong kiwi dollar makes it difficult for the bank to meet its inflation target, it said. The local currency fell. In an out-of-schedule economic update, the R...
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