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Company linked to one of China’s richest women to spend $200 mln on Auckland hotel
By Suze Metherell April 16 (BusinessDesk) – Fu Wah International Group, chaired by Chan Laiwa who is one of China’s richest women, has agreed to build a new Auckland waterfront hotel worth $200 million in partnership with Waterfront Auckland, a council body. Fu Wah, a Beijing...
NZ consumer prices rise 0.3 percent in 1Q on tobacco tax hike, more expensive housing
By Paul McBeth April 16 (BusinessDesk) - New Zealand consumer prices rose less than expected in the first quarter as a hike in tobacco taxes and more expensive housing were offset by cheaper international holidays and in-season vegetables. The kiwi dollar dropped on the data. T...
Bathurst raises A$7.93 million in discounted placement to help fund Escarpment mine
April 16 (BusinessDesk) - Bathurst Resources raised A$7.39 million in a discounted placement to institutional investors to help fund development of its Escarpment open-cut coal mine on the Denniston Plateau near Westport. The Wellington-based mining company sold about 123 milli...
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