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Housing market continued cooling in November

Article – BusinessDesk

Dec. 14 (BusinessDesk) – House price inflation abated further in November, although sales volumes increased slightly, and the Auckland market cooled a little more. Read more »

ComCom nudges Fonterra towards greater transparency

Article – BusinessDesk

Dec. 14 (BusinessDesk) – The Commerce Commission wants more transparency from Fonterra Cooperative Group, saying the dairy processor hasn’t met its commitments to be more forthcoming. Read more »

Infratil forecast unaffected by delayed return from Longroad

Article – BusinessDesk

Dec. 14 (BusinessDesk) – Infratil says the later-than-expected receipt of development margins on Longroad Energys Rio Bravo wind development hasnt altered the firms full-year earnings guidance. Read more »

Scales pays US$23.2m for 60% of US petfood manufacturer

Article – BusinessDesk

Dec. 14 (BusinessDesk) – Mr Apple owner Scales Corp says it has bought 60 percent of a United States-based petfood manufacturer. Read more »

NZ dollar trades in tight range

Article – BusinessDesk

Dec. 14 (BusinessDesk) – The New Zealand dollar traded in a tight range as the European Central Bank confirmed it will end its quantitative easing programme at the end of the month, despite a gloomier economic outlook. Read more »

MARKET CLOSE: NZ shares rise on optimism over US-China trade

Article – BusinessDesk

MARKET CLOSE: NZ shares rise as optimism over US-China trade deal lingers; Fletcher gains Read more »

NZD under pressure against Aussie as investors cheered

Article – BusinessDesk

Dec. 13 (BusinessDesk) – The New Zealand dollar is under pressure against the Australian dollar as signs of progress in the US-China trade dispute benefit the Aussie more than the kiwi, given Australia’s greater exposure to China. Read more »

PFI properties’ valuation rises 5.5% to $1.32 billion

Article – BusinessDesk

Dec. 13 (BusinessDesk) – Property for Industry says the value of its portfolio has risen by 5.5 percent and that it has sold a Wellington property that had asbestos and earthquake issues. Read more »

UPDATE: MBIE officials grilled on terms of Westland Milk

Article – BusinessDesk

Dec. 13 (BusinessDesk) – Not knowing how much interest Westland Milk is paying on its $9.9 million loan from the governments Provincial Development Fund leaves parliamentarians no means of assessing how much of a subsidy the dairy company is … Read more »

Broader definition of workplace harm

Article – BusinessDesk

Dec. 13 (BusinessDesk) – Workplace Relations and Safety Minister Iain Lees-Galloway wants a greater focus on how to reduce all kinds of workplace harm in a new health and safety strategy. Read more »

MBIE officials grilled on terms of Westland Milk loan

Article – BusinessDesk

Dec. 13 (BusinessDesk) – Not knowing how much interest Westland Milk is paying on its $9.9 million loan from the governments Provincial Development Fund leaves parliamentarians no means of assessing how much of a subsidy the dairy company is … Read more »

Trade Me suitor Hellman & Friedman drops out

Article – BusinessDesk

Dec. 13 (BusinessDesk) – Trade Me suitor Hellman & Friedman has dropped out of the race to buy New Zealand’s dominant online marketplace. Read more »