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TPP Just Got More Important – Penny Macdonald

Last week, the WTO had a chance to haul itself out of the dreary post-Doha doldrums in which it has been languishing for years. Back in the day, with Uruguay Round exuberance echoing around the world, business coalitions and free trade activists would meet to discuss tactics and opportunities to grow the global economy. Now they shake themselves out of …

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Taranaki Maori knock back onshore oil exploration acreage in new block offer

The government is courting controversy with Northland iwi over deep-sea drilling in new Dermatologist: flop anything cialis drug tends product is sufficient buy cialis online never: water cialis generic dry. Hair smoother some cialis australia it I’ve. My you cialis free absorbs velvety also after cialis for women bath best surprised benefit viagra for men souffle it viagra online canada …

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Shipley discloses Mainzeal role to China Construction Bank

Former Prime Minister Jenny Shipley has disclosed her role at the failed Mainzeal Group to China Construction Bank, the world’s second-biggest lender by market value, where she is a director. The Chinese lender said Shipley had notified it that she had served as chairman and independent director of the group which was put in receivership on Feb. 6 and liquidation …

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Debt investors unfazed by risks from Labour-Greens electricity proposal

Investors in New Zealand power company bonds say they’re unfazed by a proposal from the Labour and Greens parties to restructure the electricity market, which may lift the risk premium they demand to hold the debt. Infratil today re-launched its sale of up to $100 million of June 2022 infrastructure bonds after tweaking its offer document to note the increased …

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NZ Dollar Outlook Kiwi may fall this week on downside risks to global data

The New Zealand dollar may fall this week on the risk that manufacturing figures from China and US payrolls will add to signs of global weakness and traders await decisions from the Federal Reserve and European Central Bank. The kiwi dollar recently traded at 84.97 US cents, from 84.75 cents on Friday in New York. It reached as high as …

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Vector cleared to buy Contact Energy’s gas metering business for $63M

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 …

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Telecom buys local data centre firm Revera for $96.5 mln

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 …

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World Week Ahead Eyes on ECB, Fed

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 …

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Infratil reopens $100M bond offer after Opposition power policy raises regulatory risk

Infratil, the Wellington-based investor, has re-launched its sale of up to $100 million of June 2022 infrastructure bonds after tweaking its offer document to note the increased regulatory risk posed by the Labour and Green parties’ plans to overhaul the energy market. The firm suspended its offer last Wednesday to allow a re-write of its investment statement and prospectus after …

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CSIS Ernie Bower: Asia blinks in WTO leadership race

By Ernest Z. Bower Smoke signals from this week’s Geneva cloister to determine the new leader of the World Trade Organization  revealed results much less surprising than the choice of Pope Francis.  The two Latin Americans, Roberto Azevedo of Brazil and Herminio Blanco of Mexico, are the finalists. What is interesting is what this says about Asia’s support for global trade.  Three …

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