Tuesday , May 30 2017
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Politics

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

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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 …

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Bennett denies scuttling of Lochinver sale was political; decision raises questions for future OIO rulings

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By Paul McBeth and Jonathan Underhill Sept. 17 (BusinessDesk) – Associate Finance Minister Paula Bennett says the government’s decision to reject the Overseas Investment Office’s recommendation on the sale of Lochinver Station to Shanghai Pengxin wasn’t political and ultimately she wasn’t convinced the deal provided enough benefit to New Zealand. The …

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Kim Dotcom et al seek further delay to extradition

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Kim Dotcom and his fellow Megaupload co-accused have again sought to delay their extradition fight with the US, claiming natural justice has been denied as they’re unable to pay for expert witnesses outside New Zealand. In the Court of Appeal Justices John Wild, John Fogarty and Jillian Mallon reserved their decision, while Justice Wild said they were “presented …

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Shake-up ahead for mobile and online content providers in major NZ telecoms review

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New Zealand’s government has commenced the biggest review of the telecommunications and broadcasting markets since the advent of the internet with today’s release by Communications and Broadcasting Minister Amy Adams of a discussion paper for public submissions. “Regulating Telecommunications for the Future” kicks off a full review of the Telecommunications Act 2001 to …

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Auditor-General Lyn Provost probes Saudi live sheep scandal

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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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Labour gives conditional support for TPP

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The Labour Party is giving conditional support for the controversial Trans-Pacific Partnership, with party leader Andrew Little saying Labour is “pro-free trade” but will only support TPP if it contains “key protections” for New Zealanders. “Labour supports free trade,” he said. “However, we will not support a TPP agreement that undermines New …

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