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Christchurch labour costs increase, driven by construction, on strong demand, low unemployment

Christchurch labour costs increase, driven by construction, on strong demand, low unemployment

Dec 20 (BusinessDesk) – The cost of labour in Christchurch is increasing, especially in the construction industry, driven by a tight labour market with low unemployment and strong demand due to the earthquake rebuild, according to the latest September quarter Canterbury Rebuild...

20 Dec 2013
Ross Asset liquidators look to claw back $3.8 mln paid out to three investors

Ross Asset liquidators look to claw back $3.8 mln paid out to three investors

By Paul McBeth Dec. 20 (BusinessDesk) - The liquidators for the Ross Asset Management group of companies found to be a Ponzi scheme are in talks with three former investors over about $3.8 million of payments they received in the two years leading up to the group’s eventual col...

20 Dec 2013
Contact mulls $225 mln bond issue to refinance upcoming maturity

Contact mulls $225 mln bond issue to refinance upcoming maturity

Dec. 20 (BusinessDesk) - Contact Energy, the second biggest listed power company on the New Zealand stockmarket, is looking at issuing a $225 million retail bond to help refinance $534 million of maturities coming next May. The Wellington-based company is considering an exchang...

20 Dec 2013