Politics
Policy
Govt won't "die in a ditch" for 100% renewable target
By Victoria Young July 16 (BusinessDesk) - Energy Minister Megan Woods says the government “won’t die in a ditch” if its goal of 100 percent renewable electricity generation isn't reached by 2035. The "challenge" of meeting its ambitious target had been well-signalled, she...
Policy
UPDATE: Crucial carbon reduction recommendations due tomorrow
(adds Dairy NZ comments on methane target at the eighth par) By Pattrick Smellie July 15 (BusinessDesk) - Crucial recommendations affecting the New Zealand farming and electricity sectors are due for release by the government's Interim Climate Change Committee tomorrow (Tue...
Finance
UPDATE: RBNZ kyboshes AMP's A$3.3 bln life business sale
(Updates with share price details in the 7th par and adds details of investor expectations in second and third to last pars.) By Jenny Ruth July 15 (BusinessDesk) - New Zealand’s Reserve Bank has put a spanner in the works of AMP’s proposed A$3.3 billion sale of its Austral...
Policy
CORRECT: NZ Super Fund to invest in $300M local hotel venture
(fixes headline and first sentence reference to hotel portfolio value. Adds new second sentence) By Victoria Young July 15 (BusinessDesk) - New Zealand’s $42 billion Superannuation Fund will invest into a $300 million portfolio of hotels owned by local firms, as it eyes fur...
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Pattrick Smellie
Founding Editor
Pattrick was judged New Zealand's best overall columnist and business columnist of the year at the Voyager 2021 Media Awards. He has more than 35 years’ experience reporting and working in New Zealand politics and the commercial sector. A former Press Gallery chairman, he is an award-winning journalist and has worked for titles including The Dominion, The Press, Sunday Star-Times and National Business Review. He was the first NZ correspondent for The Australian and co-founded BusinessDesk in 2008.
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