Big Chinese fund shuns NZ, Seek tactics seen as ‘unethical’, Bond market frenzy
What's in your National Business Review print edition this week.
In NBR Print today: Investing in New Zealand has become too much of a “political hot potato” for one major Chinese wealth fund, reports Jason Walls. The fund, which has $1 billion allocated to invest in New Zealand and Aussie businesses, is shying away from Kiwi agribusinesses because of political interference and OIO uncertainty, according to its local representative, PPB Advisory.
Three things stand out from Labour’s housing package, writes Rob Hosking. But what many people don’t realise is for the first time it puts a capital gains tax on the family home, albeit one confined to those who buy their first home with Kiwibuild.
Kiwi recruitment firms are objecting to “unethical behaviour” by two foreign-owned online job boards – Indeed and Seek. Both companies insist publishing others’ ads without permission is a service, not a sin. Nick Grant investigates.
NZ King Salmon is poised to double annual sales to $230 million after opening new salmon farms, reports Jenny Ruth. However, chief executive Grant Rosewarne wishes his company wasn’t so constrained by the Resource Management Act and the Environmental Protection Agency. If it could gain more scale, the company could turn $35 million a year of imported feed into a local industry. The company also has to convince retailers local salmon is superior to imported fish.
The liquidators of four entities linked to the Masala Indian restaurant chain – subject to a $34 million asset restraining order for alleged significant criminal activity – have finally won a court battle against people linked to the group after a year-long pursuit. Hamish McNicol reports.
A speculative frenzy has embraced the once-sedate market for sovereign debt bonds, writes Nevil Gibson in Margin Call. The question is when will it end and bond prices collapse? Watch for a rise in inflation.
All this and more in today’s NBR Print Edition. Out now.
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Staff Reporter
Fri, 15 Jul 2016
Fri, 15 Jul 2016
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Big Chinese fund shuns NZ, Seek tactics seen as ‘unethical’, Bond market frenzy
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