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Landcorp won't renew sharemilking contract with Shanghai Pengxin in 2017
By Jonathan Underhill Feb. 16 (BusinessDesk) - Landcorp, the state-owned farming company, will end its five-year relationship with Shanghai Pengxin next year, saying it wants to focus on other areas of growth and won't renew its sharemilking contract. Chief executive Steve...

Westpac to pay $4M to customers it overcharged for Aussie dollars
By Sophie Boot Feb. 16 (BusinessDesk) - Westpac Banking Corp's New Zealand unit will pay more than $4 million in compensation after overcharging customers who used debit cards to withdraw cash from its ATM machines in Australia. Westpac New Zealand self-reported for a poten...

NZOG chairman Peter Griffiths steps down unexpectedly
By Paul McBeth Feb. 16 (BusinessDesk) - New Zealand Oil & Gas chairman Peter Griffiths has unexpectedly resigned from the board for personal reasons, effective immediately, and has been replaced by his deputy, Roger Finlay. Griffiths was the longest-serving director on the...