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Commerce Commission considers Wallace rendering plant merger
By Sophie Boot July 28 (BusinessDesk) - The Commerce Commission is considering a merger of meat rendering plants. Wallace Group has applied to buy up to 100 percent of the assets of Wallace Corporation, which has rendering plants in Waitoa and Hororata; Farm Brands, which h...
ANZ Bank's Australian court victory in fees class action won't deter NZ litigants, Hooker says
By Jonathan Underhill July 28 (BusinessDesk) - Australia's High Court has dismissed an appeal in a class action suit against fees charged by Australia & New Zealand Banking Group but the ruling won't necessarily derail a similar representative action over bank fees in New Zeal...
NZ dollar gains after cautiously upbeat Fed; Japan unleashes more stimulus
By Jonathan Underhill July 28 (BusinessDesk) - The New Zealand dollar rose after the Federal Reserve said near-term risks for the world's biggest economy were diminishing, keeping on track expectations for an interest rate hike this year. The kiwi rose to 70.71 US cents as...
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