The Commerce Commission has opened an investigation to determine whether Fulton Hogan's proposed acquisition of Stevenson Group construction materials business will lessen competition in any relevant market.
The Commerce Commission says it is concerned that the 'asset beta' Fonterra Cooperative Group uses to determine the farmgate milk price is too low, meaning it ends up paying its farmers a higher price for their milk than would be warranted under the company's enabling law.
Regional Economic Development Minister Shane Jones accused Fonterra of being disconnected from farmers and called on Chairman John Wilson to resign. The US Federal Reserve raised its key cash rate to around 2.0 percent and signaled two more hikes this year. This if the first time New Zealand's OCR has been below America's official rate.
Lawyers for NZME and Stuff are re-litigating the attempted merger of New Zealand's dominant newspaper publishers in the Court of Appeal, arguing that the Commerce Commission overstepped its authority when it refused the tie-up.
The Commerce Commission has issued a warning to Apple that it likely has breached New Zealand's Fair Trading Act with misleading statements about the rights of its customers under the Consumer Guarantees Act (CGA) and replacements for faulty products.
The news that mattered this morning
The Commerce Commission is warning monopoly electricity networks not to treat electric vehicle chargers as assets they can charge all electricity users for.
Regulators launch urgent inquisition into big four Australian-owned banks, demanding results of internal inquiries into problems seen in Australia. Bernard Hickey introduces the full letter demanding results within 2 weeks.
The news that matters this morning
The Commerce Commission is set for a shake-up with a new law that would give it new powers to protect consumers from anti-competitive practices, Thomas Coughlan reports.