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MARKET CLOSE: NZ shares sink as US, China stoush weighs

Article – BusinessDesk

Dec. 21 (BusinessDesk) – New Zealand shares joined a regional sell-off as fears over the US-China trade dispute and the risk of a federal government shutdown in the US weighed on investor sentiment. Comvita sank as it exited the benchmark index. Read more »

NZ dollar inches lower against greenback

Article – BusinessDesk

Dec. 21 (BusinessDesk) – The New Zealand dollar is headed for a 0.3 percent weekly fall against the US dollar – and a 2 percent drop against the yen – as jittery markets wait to see whether a partial US government shutdown can be averted before Christmas. Read more »

Sky TV extends Optus satellite deal

Article – BusinessDesk

Dec. 21 (BusinessDesk) – Sky Network Television says it has extended its satellite service agreement with Optus Networks for a further 10 years. Read more »

Packaging NZ on suspension of soft plastics recycling

Press Release – Packaging NZ

The suspension of the soft plastic scheme announced today reflects the cyclically low demand for some mixed recycled plastics. Read more »

Lightwire announced as partner in rural broadband milestone

Press Release – Lightwire

Trans-Tasman telecommunications company Lightwire is proud to be a new partner of Crown Infrastructure Partners (CIP) Rural Broadband Initiative Phase Two (RBI2), providing significant additional rural broadband coverage across the Waikato and … Read more »

Moa asks for cash to buy hospo group for up to $21.4M

Article – BusinessDesk

Dec. 21 (BusinessDesk) – Unprofitable beermaker Moa Group will ask shareholders for more money next year to help pay for what could be a $21.4 million acquisition of bar and restaurant owner Savor Group. Read more »

Home fibre speeds less than 75% of maximum – ComCom study

Article – BusinessDesk

Dec. 21 (BusinessDesk) – Residential fibre broadband services appear to be delivering less than 75 percent of their maximum available speeds, based on the first findings from the Commerce Commissions monitoring programme. Read more »

Moa Signs Deal to Break through to Profitability

Press Release – Moa Brewing

Moa Signs Deal to Break through to Profitability And Fast Track Gains in Crucial on-Premise Channel Read more »

Majority of NZ motorists will pay more to drive

Press Release – New Zealand National Party

No amount of semantic hair-splitting by ACC Minister Iain Lees-Galloway can change the fact that the majority of New Zealand motorists will be paying more when his motor vehicle levies increases come in, Nationals ACC spokesperson Tim Macindoe … Read more »

Safety Alert – Certifications for tow bars revoked

Press Release – NZTA

Safety Alert Certifications for tow bars revoked Following an ongoing specialist investigation, the NZ Transport Agency has issued a Safety Alert advising that it has revoked the certifications for tow bars on more than 1,400 heavy vehicles. These … Read more »

Survey reveals young drivers are feeling threatened on roads

Press Release – Road Safety Education

New survey reveals young drivers are feeling threatened on our roads Lets extend the gift of goodwill this Christmas as new survey reveals young drivers are feeling threatened on our roads. Its that time of year again. The time where we see advertisements … Read more »

Regional Council Crabby About Christmas Find

Press Release – Bay of Plenty Regional Council

This is the second discovery of the invasive pest in the Bay of Plenty region after two were caught near Matapihi Bridge during a pest surveillance survey conducted by the Ministry for Primary Industries (MPI) earlier this year in January. Read more »

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