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DuluxGroup settles Alesco tax case on eve of Supreme Court hearing
Feb. 17 (BusinessDesk) - DuluxGroup, the ASX-listed paint manufacturer, has settled a tax dispute with New Zealand’s Inland Revenue Department over subsidiary Alesco NZ’s use of optional convertible notes. The terms of the settlement are confidential, though DuluxGroup expects...
NZ Dollar Outlook Views mixed as traders eye weaker US data, mull kiwi’s ascent
By Tina Morrison Feb 17 (BusinessDesk) – The New Zealand dollar outlook is mixed this week as weaker economic data from the US and positive risk appetite underpin demand while traders mull whether the kiwi can continue its recent ascent. The local currency may trade between 82...
NZ retail sales rise 1.2 percent in fourth quarter, less than expected, led by fuel, clothing
Feb. 17 (BusinessDesk) – New Zealand retail sales rose less than expected in the fourth quarter, with fuel, clothing and recreational goods leading the gains, while food, liquor, grocery and commission sales fell. The volume of retail sales rose 1.2 percent, seasonally adjusted...
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