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NZ dollar pares CPI gains as greenback rises, wait for govt continues
By Rebecca Howard Oct. 17 (BusinessDesk) - The New Zealand dollar was little changed, paring the gains it made on stronger-than-expected inflation data, as the greenback strengthened in Asian trading. The kiwi was trading at 71.64 US cents as at 5pm versus 71.65 US cents a...
Reduced viewpoints in media merger not ComCom's concern, lawyer says
By Sophie Boot Oct. 17 (BusinessDesk) - The Commerce Commission shouldn't have considered reduced media plurality in deciding to reject the merger of Stuff and NZME, the media companies' lawyer told the court. In the second day of the appeal at the Wellington High Court, wh...
NZ Super Fund, govt cash cow, paid 60 times more tax than Fonterra last year
By Rebecca Howard Oct. 17 (BusinessDesk) - The New Zealand Superannuation Fund is one of the country's biggest taxpayers, representing nearly a tenth of the total corporate tax paid in the 2017 financial year. Set up in 2001 to help meet the country's future pension needs,...
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