The Commerce Commission has given Austrian oil and gas producer OMV AG clearance to buy Royal Dutch Shell’s gas and liquids assets in New Zealand.
The Government’s part-ownership of three of the country’s biggest electricity generators makes it a major beneficiary of the over-pricing in the retailer power market, industry executives and regulators heard on Thursday. Gavin Evans reports.
The Commerce Commission has filed proceedings against Wilson Parking, alleging New Zealand’s biggest parking company substantially lessened competition for the supply of car parking in the Boulcott Street area in central Wellington when it acquired the rights to operate the Capital car park.
The Commerce Commission says Christchurch International Airport may be planning to make excessive profits from security, freight storage, and some terminal lounges, though it's "broadly satisfied" with its planned earnings from most of its assets.
The Commerce Commission has indicated it has concerns with French payments systems provider Ingenico's planned acquisition of Paymark, as it might substantially lessen competition.
The Commerce Commission intends to retain the power to regulate national mobile roaming, which helps operators expand coverage beyond their own physical networks.
Air New Zealand has taken aim at New Zealand’s airports, accusing them of behaving like monopolists. Thomas Couglan reports.
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.