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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 »

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 »

Vista Group signs up part of Europe’s largest cinema chain

Article – BusinessDesk

Dec. 21 (BusinessDesk) – Cinema software company Vista Group International says it has signed a deal with Odeon Cinemas Group covering its 123 cinemas in Britain and Ireland. Read more »

Investigation into unexplained death

Press Release – BusinessDesk

Police are continuing the investigation into the unexplained death of an Auckland man in Weymouth. Read more »

Vital’s rebels score a moral victory

Article – BusinessDesk

Dec. 21 (BusinessDesk) – Vital Healthcare Property Trusts rebel investors can count themselves the moral victors in their tussle with Vitals entrenched and lavishly compensated manager, Canada-based NorthWest Properties Management. Read more »

Multiple hits to China-NZ relationship

Article – BusinessDesk

Dec. 21 (BusinessDesk) – New Zealand’s relationship with China is rapidly deteriorating as the country is swept up in what long-time trade and foreign policy adviser Charles Finny describes as a “new Cold War” caused by the Western alliance pushback … Read more »

MBIE quietly reopens Chinese steel subsidy probe

Article – BusinessDesk

Dec. 21 (BusinessDesk) – The Ministry of Business Innovation and Employment has officially reopened its investigation into whether China unfairly subsidises its steel exports, three months after the High Court ordered it back to the drawing board. Read more »

Ambition, urgency needed in network pricing reform

Article – BusinessDesk

Dec. 21 (BusinessDesk) – Electricity lines companies have been told to act with ambition and urgency when changing their pricing to cater for new technologies like solar panels, electric vehicles and batteries. Read more »

Consumer confidence makes a Christmas comeback

Article – BusinessDesk

Dec. 21 (BusinessDesk) – Consumer confidence made a comeback in December, with a growing appetite to spend in the run-up to Christmas. Read more »

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