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Commonwealth Bank to sell down Kiwi Income stake after ceding management contract
Dec. 16 (BusinessDesk) - Commonwealth Bank of Australia, the biggest lender by market value across the Tasman, plans to sell down its 8.6 percent stake in Kiwi Income Property Trust after ceding the management contract for $70.5 million. The Australian bank has hired Goldman S...
NZ consumer confidence rises to 4-year high as kiwis happier about finances
Dec. 16 (BusinessDesk) – New Zealand consumer confidence rose to its highest level in about four years in the fourth quarter as kiwis turned positive about their own finances and more optimistic their own circumstances will improve in the year ahead. The Westpac McDermott Mille...
Chorus cost-saving options include worse service on existing network
By Pattrick Smellie Dec. 16 (BusinessDesk) – Cost-saving options for embattled telecommunications infrastructure provider Chorus include allowing the quality of its service to drop by under-investing in maintenance and upgrades on its existing copper-wire networks, says the repo...
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