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NZ dollar may gain to 85 Aust cts as mining boom peak finally looms
By Paul McBeth May 27 (BusinessDesk) - The New Zealand dollar may test 85 Australian cents this week as figures on Thursday have analysts mulling whether Australia’s mining boom is finally peaking, and as local interest rates become more alluring on this side of the Tasman. Th...
Meridian could be sold in two chunks Key
May 27 (BusinessDesk) – The Meridian Energy partial privatisation is so large it may have to be split in two for the government to meet its commitment that the company will be between 85 percent and 90 percent New Zealand-owned when it lists, Prime Minister John Key says. The c...
IRD files to liquidate Allied Farmers’ rural unit over $4.2M tax bill
By Paul McBeth May 27 (BusinessDesk) - Allied Farmers, which kept itself alive in March through a fire sale of toxic loans, is back in the firing line after its rural unit was today served with a liquidation notice by the Inland Revenue Department over a $4.2 million tax bill....
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