OIO greenlights EQT's takeover of Metlifecare
The Overseas Investment Office has greenlighted Sweden-based EQT's $1.28 billion takeover of Metlifecare.Shareholders are to vote on EQT's offer via a scheme of arrangement at a special meeting on Oct. 2. The vote, which requires shareholders owning at least 50 percent of...
PSI contracts on new lockdown
Activity in New Zealand’s services sector contracted in August on the back of the level 3 lockdown in Auckland.“With New Zealand shifting back up coivid alert levels on 12 August, it was no surprise to see August’s PSI dip,” said BNZ senior economist Craig Ebert.The BNZ-BusinessN...
Westpac Bank now expects house prices to rise
Westpac Bank now expects house prices to rise 3.5 percent between March and December 2020.“The housing market has shot the lights out, far exceeding the forecast we made when covid first broke out,” chief economist Dominick Stephens said in its latest update.When covid-19 first b...
ELECTION 2020: Greens propose $297m fund to change farming; fertiliser tax, water charges
The Green Party is taking a carrot-and-stick approach in its agriculture policy.
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