By Jonathan Underhill Sept. 17 (BusinessDesk) – The government has scuttled Shanghai Pengxin’s $88 million purchase of Lochinver Station, which it would …
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NZ economy grows less than expected as agriculture, mining rebound
By Paul McBeth Sept. 17 (BusinessDesk) – New Zealand’s economy accelerated by less than expected in the second quarter, with agriculture and …
Read More »Alternative bidder emerges for Solid Energy
By Pattrick Smellie Sept. 17 (BusinessDesk) – A New South Wales-based mining investor, Mach Energy, is expected to make an …
Read More »Solid Energy insolvent, bank creditors support orderly selldown
Solid Energy’s banking backers can expect to get back between 35 cents and 40 cents in the dollar under a …
Read More »Auckland median house price up 21% in August year, national median steadies: REINZ
The number of home sales fell 4.4 percent in August from July, while soaring on an annual basis, as the national …
Read More »NZX accredits US firm Straits Financial for dairy derivates market
NZX, New Zealand’s stock market operator, has accredited US-based Straits Financial to access its growing dairy derivatives market. Straits has been …
Read More »Fonterra confirms proposed coal mine at Mangatangi is on hold
By Fiona Rotherham Sept. 9 (BusinessDesk) – Fonterra Cooperative Group, the country’s largest milk processor, has confirmed it has put …
Read More »Christchurch Airport more than doubles annual profit, dividends
Christchurch International Airport, which is 75 percent owned by the city council, more than doubled full-year profit and lifted dividends for …
Read More »Diligent appoints Michael Stanton as CFO
Diligent Corp, the governance software developer, appointed a permanent chief financial officer as it recovers from a string of errors …
Read More »NZ equity crowdfunding market may be headed for shakeout as 8th platform seeks approval
New Zealand’s nascent equity crowdfunding market may be heading for a shakeout as an eighth platform, Property Mogul, seeks regulatory clearance to start operations. …
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