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Meridian mulls quitting passive stake in Australian wind farm
By Pattrick Smellie Jan 8 (BusinessDesk) - Meridian Energy is considering the sale of its 50 percent stake in the A$1 billion Macarthur wind farm in the Australian state of Victoria to book gains made available by the global drop in interest rates. The state-owned enterprise's...
Auckland house sales climb in December while new listings drop
Jan. 8 (BusinessDesk) – The property market in Auckland continued its recent trend in December, with a jump in home sales and a drop in new listings, Barfoot & Thompson says. The real estate firm recorded 920 sales last month, the highest for December in eight years, outpacing...
Qantas ring-fences $10.3M to cover potential penalty in NZ tax dispute
By Paul McBeth Jan. 8 (BusinessDesk) - Qantas Airways, Australia's dominant airline, has ring-fenced $10.3 million of tax losses to cover any penalties in its disputed tax case with the Inland Revenue Department over interest deductions claimed on convertible notes. The airlin...
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