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NZ spending on credit, debit cards rises in August, driven by hospitality
By Paul McBeth Sept. 9 (BusinessDesk) - New Zealanders increased their spending on credit and debit cards in August, with a pick-up in the hospitality sector driving core retail expenditure in the month. The value of core retail sales on electronic cards, which strips out s...
Smith proposes increased protections for subbies after Mainzeal debacle
By Jonathan Underhill Sept. 9 (BusinessDesk) - Building and Construction Minister Nick Smith has proposed changes to the Construction Contracts Act that would require retention payments be held in trust, ensuring sub-contractors get paid even if the project fails. The propo...
Hart's Rank Group hires investment banks to run packaging sales: report
By Paul McBeth Sept. 9 (BusinessDesk) - New Zealand billionaire Graeme Hart's Rank Group has hired three investment banks to run separate sales of three units in his global packaging empire in what could generate some US$9 billion, according to a media report. The Financial...
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