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CORRECT Fletcher to sell Pacific Steel for $120M to NZ Steel owner, Bluescope
(Corrects to show net expense in third paragraph) Feb. 17 (BusinessDesk) – BlueScope Steel, Australia’s largest steelmaker and owner of the New Zealand Steel mill, has agreed to buy assets of Fletcher Building’s Pacific Steel in a $120 million deal that will lead to the closure...
DuluxGroup settles Alesco tax case on eve of Supreme Court hearing
Feb. 17 (BusinessDesk) - DuluxGroup, the ASX-listed paint manufacturer, has settled a tax dispute with New Zealand’s Inland Revenue Department over subsidiary Alesco NZ’s use of optional convertible notes. The terms of the settlement are confidential, though DuluxGroup expects...
NZ Dollar Outlook Views mixed as traders eye weaker US data, mull kiwi’s ascent
By Tina Morrison Feb 17 (BusinessDesk) – The New Zealand dollar outlook is mixed this week as weaker economic data from the US and positive risk appetite underpin demand while traders mull whether the kiwi can continue its recent ascent. The local currency may trade between 82...
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