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O’Connor looks to overhaul Biosecurity Act, improve tracing

Article – BusinessDesk

July 19 (BusinessDesk) – The government is looking to tighten control and impose harsher penalties after the Mycoplasma bovis outbreak revealed cracks in the country’s stock management system. Read more »

Denton Morrell undefended at liquidation hearing

Article – BusinessDesk

July 19 (BusinessDesk) – Three lawyers from different firms attended the High Court at Auckland today to see wealth management company Denton Morrell moved into liquidation. Read more »

Contact steam to heat Norske Skog pellet business secured

Article – BusinessDesk

July 19 (BusinessDesk) – Norske Skogs wood pellets business has secured a steam supply from Contact Energy for its Taupo plant. Read more »

Air NZ to amend booking engine after lawyer’s complaint

Article – BusinessDesk

July 19 (BusinessDesk) – Air New Zealand will make changes after a lawyer complained to the Commerce Commission over scarcity pricing tactics. Read more »

Ross McEwan to take helm at NAB

Article – BusinessDesk

July 19 (BusinessDesk) – New Zealander Ross McEwan has been appointed National Australia Banks new chief executive after holding that role at Royal Bank of Scotland since 2013. Read more »

KPMG says bank capital proposals will wreck havoc

Article – BusinessDesk

July 19 (BusinessDesk) – KPMG says the Reserve Banks bank capital proposals will lead to less bank lending to farmers and at significantly higher interest rates on the loans theyre prepared to provide. Read more »

Mild weather saps Vector’s June-qtr volumes

Article – BusinessDesk

July 19 (BusinessDesk) – Mild weather in May and June left Vectors power and gas volumes for the June year marginally lower than a year earlier. Read more »

Dollar gains as dovish Fed comments point to 50-bps US cut

Article – BusinessDesk

July 19 (BusinessDesk) – The New Zealand dollar rose after dovish comments from New York Federal Reserve President John Williams increased expectations for a steeper rate cut in the US at the end of the month. Read more »

RBNZ says no change in approach on AMP purchase

Article – BusinessDesk

July 18 (BusinessDesk) – The Reserve Bank says it hasnt changed its approach to applications for changes of ownership of life insurance companies and nor has there been any change in New Zealand insurance law or regulations since October 2018. Read more »

MARKET CLOSE: NZX50 hits record

Article – BusinessDesk

July 18 (BusinessDesk) – New Zealand shares outperformed Asia as companies offering reliable dividends helped lift the benchmark index to a record. Meridian Energy and Z Energy led the market higher. Read more »

NZ dollar mixed after strong Australian employment data

Article – BusinessDesk

July 18 (BusinessDesk) – The New Zealand dollar rose a little against the US dollar but fell slightly against the Aussie after reasonably strong jobs numbers in Australia provided no additional weight to the case for rate cuts there. Read more »

Energy efficiency key to lowering cost of renewables push

Article – BusinessDesk

July 18 (BusinessDesk) – A focus on energy efficiency will lower the cost of the countrys drive toward greater renewable energy use and may increase the scale of emission reductions achieved, the Energy Efficiency and Conservation Authority … Read more »