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Meridian and Contact reject accusations they’re spilling more water from their dams than they need to, resulting in higher wholesale electricity prices.
Antonia Watson has replaced former chief executive David Hisco after he left the bank over an expenses scandal earlier this year.
Dairy prices fell 5.1 percent in the overnight global auction in the first significant fall since August.
The National Party is slating the delay of a final Cabinet decision on public broadcasting as the latest broken promise in the government’s so-called “year of delivery”.
In a short statement, the SFO said it and the Reserve Bank has filed criminal charges against the failed insurance company and its associate entities.
Consumer confidence is at its best level of 2019 while business confidence is at a two year high, although remains pessimistic.
The former prime minister says it was a hard decision to walk away from the airline but he had increasing business commitments.
As traditional banks pull back on lending, credit unions and finance companies are picking up the profits.
New Zealand stock exchange operator NZX has halted all trading saying most platforms would not resume until Tuesday’s open after traders experienced connectivity issues.
The man responsible for New Zealand’ s biggest fraud will be released from jail in February after serving slightly more than six years.
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