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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...

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...

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...