The Maori Council will today file papers in the High Court seeking a judicial review of the government’s plan to sell down Mighty River Power. Council solicitor Donna Hall told Radio New Zealand the case is that the government “is acting illegally in proceeding to sell the shares” before establishing what prior rights Maori have. “There’s now a final decision …

Chinese whiteware maker Haier has pushed its bid Fisher & Paykel Appliances to $1.28 a share, the bottom end of the independent valuation range, gaining crucial support from institutional investors to meet its 50 percent minimum acceptance threshold. Haier raised its bid 8 cents a share, bringing it within the independent valuation of between $1.28 and $1.57, it said in …

Foreign Affairs Minister Murray McCully will hold official talks with his counterpart from Burma (Myanmar), Foreign Minister Wunna Maung Lwin, on Monday. Mr Lwin is visiting New Zealand as part of his country’s increasing international engagement since embarking on fundamental political and economic reforms a year ago. “New Zealand is greatly encouraged by the nature and scale of the reforms …