Vector has won regulatory clearance to acquire Contact Energy’s gas metering business for $63 million in a deal that merges the two largest suppliers of metering services on the North Island’s reticulated natural gas distribution network. “Based on the information and evidence provided by the parties and our own investigation and analysis, it appears that there is limited competition between …

Telecom Corp, the country’s biggest telecommunications company, has bought local data centre firm Revera for $96.5 million as it looks to get greater coverage in the cloud and build IT services. The Auckland-based company will pay for Revera through its existing cash and borrowing lines, with the transaction expected to settle in May, it said in a statement. Revera reported …

Hopes for fresh monetary stimulus might be answered this week in Europe, which also begins the week with a resolution to Italy’s two-month political stalemate. In the US, investors will focus on a two-day meeting of Federal Reserve policy makers beginning on Tuesday, before their counterparts at the European Central Bank gather on Thursday. Europe’s Stoxx 600 Index climbed 3.7 …