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An Arab proposal to extend the international treaty at the centre of internet negotiations in Dubai has drawn a strong response. Great Britain and the United States have both strongly opposed the restrictive measures. The 22-page proposal lead by the United Arab Emirates is backed by Russia, Saudi Arabia, Algeria and Sudan. Under the terms, “governments, the private sector and civil …

Jevic New Zealand, a company that pre-vets imported used vehicles, offered to buy all the shares of Vehicle Inspection New Zealand, valuing the target at $4.1 million. Jevic is offering $1.65 a share for VINZ, the vehicle inspection company that trades on the Unlisted platform. The offer represents a 10 percent premium to VINZ’s last trading price of $1.50. Jevic …

New Zealand politicians are wary of racking up more criminal penalties on directors who breach their duties to companies and creditors, and have asked the government to take another look at pending legislation. Parliament’s commerce select committee supports Commerce Minister Craig Foss in taking another look at the drafting of legislation that would criminalise directors for breaching their fiduciary duties, …

Shareholders of TeamTalk, the owner of the CityLink fibre-optic broadband service, have voted in favour of the acquisition of Farmside Group for up to $42 million to extend its reach into rural areas. The Wellington-based company has agreed to buy Farmside for an upfront payment of $19 million in cash and $12 million in TeamTalk shares, with an additional $7 …

A lack of houses in New Zealand’s two biggest cities has driven up property values across the country and seen sale prices hit a new record-high. Property values rose 1.9 percent in the three months ended Nov. 30 and are 5.7 percent higher on an annual basis, according to government valuer Quotable Value. The figures come the same day Real …

The latest Business Growth Agenda progress report – Building Natural Resources, sets a framework for economic growth through sustainable use of the environment -?Bill English and Steven Joyce comment. mac os x mountain lion digital download Finance Minister Bill English says that the goal of the Business Growth Agenda is to deliver better jobs for New Zealand, both in terms …

Napier Port has overtaken Ports of Auckland to become the North Island’s second largest export port, its annual results show. The East Coast port’s annual report shows a 2 percent increase in exports to over 3.7 million tonnes, much of it being forestry-based products. Log volumes were close to 1 million tonnes. An 8.5% lift in the number of containers …

New Zealand retail spending on debit, credit and charge cards rose more than expected last month, stoking optimism for a fourth-quarter rebound in fourth-quarter sales after a surprise decline in the third quarter. Electronic card transactions rose 0.5 percent, seasonally adjusted in November, following a 0.4 percent increase in the previous month, according to Statistics New Zealand. Actual sales rose …

The government’s second round of tenders for oil and gas exploration blocks has yielded 10 new exploration licences, including two in the previously unexplored Pegasus Basin to deep-sea exploration specialist Anadarko. The Pegasus Basin is south of the bottom tip of the North Island, and sees the Texas-based explorer adding to its existing suite of deep-sea territories in the Taranaki …

The government is committing to improving the quality of New Zealand’s natural resource base at the same time as pushing more intensive agriculture and more extraction of minerals, oil and gas to accelerate economic growth. The latest update on its economic growth agenda, released this morning by Finance Minister Bill English and Economic Development Minister Steven Joyce, appears to heed …