
OIO approves Colorado owner to buy Tegel in $600m leveraged buyout
Affinity Equity Partners, the private equity firm that owned the now in-receivership retailer Colorado Group, has been given clearance to buy Tegel Foods.
Affinity Equity Partners, the private equity firm that owned the now in-receivership retailer Colorado Group, has been given clearance to buy Tegel Foods.
ANZ's chief executive Mike Smith says operating two separate banks in New Zealand is inefficient.
Cathrine Latu and Daneka Wipiiti have been lucky to escape sanction after publicly slating the standard of umpiring.
Finance minister keen to avoid levy despite facing cost of $10 billion
This year's Budget deficit will blow out to 8 per cent of gross domestic product, says Finance Minister Bill English.
The New Zealand and Australian dollars have tumbled against the yen as Japan's currency broke through key resistance levels to reach a record high against the greenback.
The Southern Steel bounced back from a dire opening quarter last nigth to run down the Central Pulse.
BNZ and Kiwibank have joined the other banks and cut mortgage rates.
The New Zealand dollar will probably hold around 75 US cents until next Thursday as traders wait for the Reserve Bank to say whether it will cut the OCR.
Sister banks ANZ and National have cut mortgage interest rates.
The New Zealand dollar may extend its losses this week as the cost of the Christchurch earthquake becomes clearer.