Saturday , June 23 2018
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Pattrick Smellie

TPP deal gives limited win for NZ dairy, US gives way on drug patents


Twelve Pacific Rim nations have reached a deal on the controversial Trans-Pacific Partnership in the American city of Atlanta, ending more than five years of negotiations to create the largest trade and investment pact since the Uruguay Round of the GATT trade agreement 20 years ago. However, New Zealand has barely …

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Genesis Energy in hunt for new CEO

Energy  Energy industry veteran Albert Brantley is to retire as chief executive of Genesis Energy at the end of the 2016 financial year, the electricity company’s chair, Jenny Shipley announced. Brantley was appointed to lead Genesis in 2008, replacing Murray Jackson, and has led a strategy that has ended Genesis’s …

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Genesis Energy ups dividends as free cash flow increases

Genesis Energy became the latest electricity company to increase its distributions to shareholders as it reported a 113 percent increase in net profit of $104.8 million on marginally increased revenues of $2.1 billion in the year to June 30. Chair Jenny Shipley said in a statement the board was “satisfied” with a …

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Auditor-General Lyn Provost probes Saudi live sheep scandal


The Auditor-General is mounting a probe into the Saudi Arabian agri-hub created at a cost of $15.5 million to the taxpayer in 2013 as part of efforts to restore relations with Saudi Arabia after the New Zealand government confirmed a ban on live sheep shipments to the Arab nation. Among the four broad …

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Pope talking ‘drivel’ on the role of markets, says NZ Initiative head

The latest papal encyclical is “offensive”, “infuriating” and “drivel” in its commentary on the operation of markets, says Oliver Hartwich, a self-professed Catholic and executive director of the New Zealand Initiative, a libertarian think tank. The Laudato Si encyclical – a communication to bishops setting out the Pope’s views on a …

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