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Chevron NZ injects $14.3 mln to fully-fund wind-up of Caltex pension scheme
By Paul McBeth May 20 (BusinessDesk) - Chevron New Zealand, which is selling its local service station chain to Z Energy, injected $14.3 million into its Caltex pension scheme which was wound up earlier this year. The Auckland-based subsidiary of the global oil company is...
NZ wool prices advance at auction as buyers favour South Island fibre
By Tina Morrison May 20 (BusinessDesk) - New Zealand wool prices gained at yesterday's South Island auction as buyers preferred the southern offering to last week's North Island selection. The coarse crossbred wool indicator advanced 3 percent from last week, with the bench...
Budget 2016's debt repayment focus risks being lost opportunity to stoke economy
By Jonathan Underhill May 20 (BusinessDesk) - The Treasury is likely to upgrade its forecasts for economic growth in Budget 2016 next week but Finance Minister Bill English has already signalled that more of his focus is on debt repayment than on fiscal stimulus or tax cuts....
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