Newsroom Business Editor Nikki Mandow has taken a detailed look at the Overseas Investment Office's decision to block the takeover of ANZ's UDC by China's HNA. She found ANZ and UDC customers and funders dodged a huge bullet, thanks to the OIO's due diligence. One question stands out: why went wrong with ANZ's own due diligence?
In today's subscriber email we caught up with the latest news in politics and the economy.
The Government is set to introduce legislation to ban foreign buyers from buying existing homes and to force them to sell any new homes or apartments that they build.
The Government has announced stricter tests for New Zealand's overseas investment regime to further limit the sale of rural land to foreigners, with Associate Finance Minister David Parker saying Kiwis should be prioritised over "a one per center from overseas".
In today's email we looked at the Prime Minister's comments on big land sales before the Overseas Investment Office, the challenges facing the implementation of the new digital curriculum in schools, and the latest in politics and the economy.
In today's email we looked at how the new Government might deal with the issue of the Investor State Dispute Settlement (ISDS) mechanisms within the TPP.
In today's email we look at what yesterday's announcement from the new Government means for foreign home buyers and our free trade agreements.
Good morning all.
Prime Minister John Key signed fresh confidence and supply agreements with United Future and ACT on Monday, sticking to his pledge to include the minor parties in his legislative plans even though they won't strictly be needed.