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NZ dollar drops to six-month low vs. Aust as growth accelerates across the Tasman
By Paul McBeth Jun. 4 (BusinessDesk) - The New Zealand dollar fell to a six-month low against its trans-Tasman counterpart after figures showed an improving Australian economy, on growing exports and accelerating home building. The kiwi tumbled against Papua New Guinea's kina....
Tainui buys out partner in Hamilton Riverview Hotel
By Suze Metherell June 4 (BusinessDesk) - Tainui Group Holdings, which manages the commercial interests of Waikato-Tainui Te Kauhanganui Inc, has bought international hotel chain Accor's 17 percent stake in Hamilton Riverview Hotel, making it the outright owner of two of Hamil...
Postie Plus administrator finds foreign buyer
By Paul McBeth June 4 (BusinessDesk) - The administrators of Postie Plus has found a foreign buyer for the retail chain's assets and business, a day after their appointment. PwC's David Bridgman and Colin McCloy reached a conditional agreement to sell Postie Plus as a going...
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