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Archive for October, 2016

DHBs make formal offer of settlement to Senior Doctors

Press Release – DHB Shared Services

District Health Boards have formally offered senior doctors a $180 million package to settle their current pay claim. Read more »

NZ business confidence dips in October

Article – BusinessDesk

Oct. 31 (BusinessDesk) – New Zealand business confidence dipped this month, while remaining at an elevated level, as firms started to face slightly tighter credit conditions in an environment where low interest rates have made money cheap for an … Read more »

Sky TV shares drop after market dominance questioned

Article – BusinessDesk

Oct. 31 (BusinessDesk) – Sky Network Television shares fell to a four-month low after the Commerce Commission said it was concerned a merger with Vodafone New Zealand could give the enlarged group too much market power. Read more »

Solid Energy creditors may get 55 cts in $1

Article – BusinessDesk

Oct. 31 (BusinessDesk) – Solid Energy New Zealand’s creditors will get as much as 55 cents in the dollar after the failed state-owned enterprise’s mines were sold to three parties, including a tie-up between ASX-listed Bathurst Resources and the … Read more »

Australia-NZ Leadership Forum’s Littlewood pushes for action

Article – BusinessDesk

Oct. 31 (BusinessDesk) – Auckland International Airport chief executive Adrian Littlewood has defended the Australia-New Zealand Leadership Forum he co-chairs as more than just an annual talkfest by around 200 business leaders and politicians. Read more »

Hotel St Moritz thrilled to win hospitality award

Press Release – St Moritz Queenstown

One of Queenstowns finest boutique hotels, Hotel St Moritz, has been recognised for its business excellence in the accommodation sector. Read more »

NZ residential building consents edge up in September

Article – BusinessDesk

Oct. 31 (BusinessDesk) – New Zealand’s residential building consents crept up in September, snapping declines in the previous two months, as a spurt in Wellington apartment permits offset a decline in new house permits. Read more »

Kiwibank ownership changes welcomed

Press Release – New Zealand Government

The NZ Super Fund and the Accident Compensation Corporations purchase of minority stakes in Kiwibank has been welcomed by Finance Minister Bill English and State Owned Enterprises Minister Todd McClay. Read more »

NZ Post announces Kiwibank deal completion

Press Release – New Zealand Post

New Zealand Post Chief Executive Brian Roche announced today the successful completion of the partial sale of Kiwibanks holding company Kiwi Group Holdings Limited (KGHL) to the NZ Super Fund and the Accident Compensation Corporation (ACC). Read more »

Asian milk demand continues with little fat for exporters

Press Release – Rabobank

While demand from China and ASEAN countries for New Zealand milk continues to grow, export margins have been squeezed and could potentially tighten further, according to a recently-released industry report. Read more »

China tourism growth set to accelerate

Article – BusinessDesk

Oct. 31 (BusinessDesk) – China, New Zealand’s second-largest tourism market, is set for further growth with an extra 20 weekly flights scheduled by the end of this year. Read more »

Monthly Economic Indicators October 2016

Press Release – New Zealand Treasury

The October Monthly Economic Indicators (MEI) was published today on the Treasury website at 2:00pm. The report provides a summary of recent economic events. The main points: A solid lift in business activity and business confidence continues to … Read more »

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