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Archive for March, 2018

No good outcome from ring-fencing losses

Press Release – NZ Property Investors Federation

Stuart Nash announced today that In conjunction with the recently announced extension to the bright-line test, ring-fencing losses from rental properties would make property speculation less attractive and level the playing field between property investors … Read more »

Allbirds expands to Canada amid global demand

Article – BusinessDesk

March 30 (BusinessDesk) – Allbirds, the sustainable footwear company co-founded by former New Zealand soccer star Tim Brown, has expanded into Canada, its fourth global market. Read more »

Bank of China impairs $33m loan in annual report, likely CBL

Article – BusinessDesk

March 29 (BusinessDesk) – Bank of China New Zealand’s unit included a $12 million provision for impairment losses linked to one loan in its latest disclosure statement for the year to Dec. 31 after reports it lent 19.5 million euros to CBL Corp, currently … Read more »

MARKET CLOSE: NZ shares drop, A2 falls on Nestle competition

Article – BusinessDesk

MARKET CLOSE: NZ shares drop, A2 falls on Nestle competition, Fletcher sinks while Sky TV bounces Read more »

NZ dollar heading for 1.6% quarterly gain

Article – BusinessDesk

March 29 (BusinessDesk) – The New Zealand dollar is heading for a 1.6 percent quarterly gain against the US dollar after a whippy three months that saw it around 5 percent higher at one stage as the greenback remained out of favour. Read more »

Forest & Bird leaves bank over fossil fuel investments

Press Release – Forest and Bird

New Zealand’s largest independent conservation organisation is moving its bank accounts from ANZ because of serious concerns over the banks investments in fossil fuels. Read more »

BOP: Response to draft Regional Land Transport Plan

Press Release – Bay of Plenty Regional Council

Bay of Plenty Regional Council would like to thank the community for their level of interest that resulted in 1891 submissions on the draft Regional land Transport Plan. Read more »

What big tobacco didn’t want you to read

Article – BusinessDesk

Philip Morris NZ’s redacted statement of claim: What big tobacco didn’t want you to read Read more »

RBNZ registers Bank of China to provide banking services

Article – BusinessDesk

RBNZ registers Bank of China to provide banking services in New Zealand as a branch Read more »

Hallenstein reports $15m 1H profit on strong Christmas sales

Article – BusinessDesk

March 29 (BusinessDesk) – Hallenstein Glasson Holdings has lifted its first-half dividend and says its two core brands, Glassons and Hallenstein Brothers, are in a strong position going into winter trading. Read more »

Employment changes not good for flexibility, productivity

Press Release – BusinessNZ

Employment changes not good for flexibility, productivity BusinessNZ says proposed changes to employment law should be carefully scrutinised to ensure the strengths of the current employment relations framework are not lost. Read more »

Overseas Investment Office clears Horizon Oil

Article – BusinessDesk

March 29 (BusinessDesk) – The Overseas Investment Office gave ASX-listed Horizon Oil International a green light to buy a 16 percent stake in the Maari and Manaia oil fields and joint venture assets off the Taranaki coast from Todd Corp. Read more »

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