Friday , March 31 2017
Informed Influential Indispensable | newzealandinc.com

New Zealand

China’s Guoxin International commits US$2 bln to Christchurch rebuild

shutterstock_219573052

By Pattrick Smellie Sept. 23 (BusinessDesk) – Christchurch City Council is rolling out the welcome mat for Guoxin International Co, one of China’s largest infrastructure development companies, which is committing to raise a US$2 billion fund for investment projects in the city as it enters the mature phase of its post-earthquake reconstruction. …

Read More »

Key gives guarded view on TPP dairy deal prospects

John-Key-victorious-2014-Getty-Images

By Pattrick Smellie Sept. 21 (BusinessDesk) – Prime Minister John Key has given a guarded view of New Zealand’s chance of striking the “high quality” deal it has always sought in the 12 nation Trans-Pacific Partnership trade and investment negotiations, saying that “at least it will be the very best we …

Read More »

Rugby World Cup puts CSx’s concussion software on the try line

shutterstock_198169694 (1)

By Fiona Rotherham Sept. 22 (BusinessDesk) – Concussion management software developed by Kiwi technology company CSx has been put to the test by teams in Rugby World Cup 2015 as a UK medical chief calls for rule changes to protect players from head injuries. The Auckland-based company, founded by former …

Read More »

SkyCity get Auckland Council resource consent for convention centre

shutterstock_142033990

By Jonathan Underhill Sept. 18 (BusinessDesk) – SkyCity Entertainment Group, New Zealand’s only listed casino company, said it has gained resource consent approval for the convention centre. The company gets some $458 million of gaming concessions as a result of agreeing to build the convention centre in a deal with the government. In May, SkyCity …

Read More »

Buller Electricity to team up with Pioneer Generation in Pulse takeover bid

shutterstock_94008676

By Paul McBeth Sept. 18 (BusinessDesk) – Lines companies Buller Electricity and Pioneer Generation plan to mount a takeover of electricity retailer Pulse Energy, though haven’t settled on an offer price yet. Pulse Energy was told by its 56 percent shareholder Buller Electricity that the West Coast-based lines company will …

Read More »

Solid Energy creditors vote in favour of 2 1/2-year wind-down plan

shutterstock_235314649

By Suze Metherell Sept. 17 (BusinessDesk) – Creditors of New Zealand’s failed state-owned coal miner Solid Energy have voted in favour of an orderly sell down over the next 2 1/2 years, rejecting a last minute foreign bidder’s request to delay the watershed meeting ahead of a possible buyout. Korda Mentha …

Read More »

NZ economy grows less than expected as agriculture, mining rebound

shutterstock_895375

By Paul McBeth Sept. 17 (BusinessDesk) – New Zealand’s economy accelerated by less than expected in the second quarter, with agriculture and mining recovering from a weak start to the year. The kiwi dollar dropped almost half a US cent. Gross domestic product grew 0.4 percent in the three months ended June …

Read More »

Alternative bidder emerges for Solid Energy

shutterstock_154803062

By Pattrick Smellie Sept. 17 (BusinessDesk) – A New South Wales-based mining investor, Mach Energy, is expected to make an alternative bid for distressed state-owned coal miner Solid Energy at today’s ‘watershed’ meeting of creditors in Christchurch this morning. BusinessDesk reliably understands Mach will seek a 30 day delay to …

Read More »