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Brewing: Lion To Buy Cult Upper Hutt Brewer Panhead

Lion - Beer, Spirits and Wine (NZ), New Zealand's biggest beer maker, has agreed to buy Panhead Custom Ales from the family of founder Mike Neilson, its second such purchase of a popular craft brewer after the acquisition of Dunedin-based Emerson's Brewing Co in 2012. More>>

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Half Empty: Fonterra's 2017 Opening Forecast Below Expectations

Fonterra Cooperative Group raised its forecast farmgate milk payout for next season by less than expected as the world's largest dairy exporter predicts lower prices will crimp production and supply will pick up. The New Zealand dollar fell. More>>

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Pest Control: Mouse Blitz Team Leaves For Antipodes

The Million Dollar Mouse project to rid Antipodes Island of mice is underway with the departure of a rodent eradication team to the remote nature reserve and World Heritage Area. More>>

Gongs Got: Canon Media Awards & NZ Radio Awards Happen

Radio NZ: RNZ website The Wireless, which is co-funded by NZ On Air, was named best website, while Toby Manhire and Toby Morris won the best opinion general writing section for their weekly column on rnz.co.nz and Tess McClure won the best junior feature writer section. More>>

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Pre-Budget: Debt Focus Risks Losing Opportunity To Stoke Economy

The Treasury is likely to upgrade its forecasts for economic growth in Budget 2016 next week but Finance Minister Bill English has already signalled that more of his focus is on debt repayment than on fiscal stimulus or tax cuts... More>>

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Fulton Hogan's Heroes: Managing Director Nick Miller Resigns
Fulton Hogan managing director Nick Miller will leave the privately owned construction company after seven years in charge. The Dunedin-based company has kicked off a search for a replacement, and Miller will stay on at the helm until March next year, or until a successor has been appointed and a transition period completed. More>>

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Gordon Campbell: On Electricity, Executions, And Bob Dylan
The Electricity Authority has unveiled the final version of its pricing plan for electricity transmission. This will change the way transmission prices (which comprise about 10% of the average power bill) are computed, and will add hundreds of dollars a year to power bills for many ordinary consumers. More>>

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Half Empty: Fonterra NZ, Australia Milk Collection Drops In Season
Fonterra Cooperative Group says milk collection is down in New Zealand and Australia, its two largest markets, in the first 11 months of the season during a period of weak dairy prices. More>>

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'Best Estimate': NZ Fishery Catch 2.7 Times More Than Reported
The total amount of marine fish caught in New Zealand waters between 1950 and 2010 is 2.7 times more than official statistics suggest, according to the best estimate to date. Unreported commercial catch and discarded fish account for most of the difference. More>>

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Budget: English Takes Election Year Tax Cuts Off The Table
In his traditional pre-Budget speech to the Wellington Chamber of Commerce, English said the government would prioritise repaying government debt over new spending and tax cuts in the next five years.In his traditional pre-Budget speech to the Wellington Chamber of Commerce, English said the government would prioritise repaying government debt over new spending and tax cuts in the next five years. More>>

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Crown Accounts: NZ Govt Posts Surprise Budget Surplus In First 9 Months
The New Zealand government posted a budget surplus in the first nine months of the financial year, against a Treasury forecast for a deficit, reflecting tax revenue that rose faster than Crown expenses. More>>

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Budget 2016: Battle For Our Birds Catches $20.7Mil
The largest pest control operation in New Zealand’s history will be launched this winter in response to a pest plague which threatens vulnerable native wildlife, Conservation Minister Maggie Barry says. More>>

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Court Ruling: Kiwifruit NZ Ordered To Consider Collaborative Marketing Proposals
The High Court has told kiwifruit marketer Zespri to reconsider collaborative marketing proposals from Splice Fruit and Seeka Kiwifruit to sell fruit offshore that its board had previously rejected. More>>

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Pre-Budget: Computer Emergency Response Team, Assemble!
John Key told the country's first ever Cyber Security Summit in Auckland that the government had earmarked funding set up a national Computer Emergency Response Team to help prevent and act on cyber incidents in partnership with the private sector and other organisations. More>>

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Job Cutter Goes: Mark Weldon To Step Down As MediaWorks CEO
“When I joined MediaWorks in August 2014, I had a mandate to lead a significant change programme to bring the business back from receivership into a position where it could once again be a strong competitor in the market, with a sound and sustainable future. It was a big brief, laden with inherent challenges, but I took it in good faith and have dedicated myself fully to the goal since." More>>

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Must Sell 20 Petrol Stations: Z Cleared To Buy Caltex Assets
Z Energy is allowed to buy the Caltex and Challenge! petrol station chains but must sell 19 of its retail sites and one truck-stop, the Commerce Commission has ruled in a split decision that acknowledges possible retail price coordination between fuel retailers occurs in some regions. More>>

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Huntly: Genesis Extends Life Of Coal-Fuelled Power Station To 2022
Genesis Energy will keep its two coal and gas-fired units at Huntly Power Station operating until 2022, having previously said they'd be closed by 2018, after wringing a high price from other electricity generators who wanted to keep them as back-up. More>>

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Dammed If You Do: Ruataniwha Irrigation Scheme Hits Farmer Uptake Targets
Enough Hawke's Bay farmers have signed up for water from the proposed Ruataniwha Water Storage Scheme for it to go ahead as long as a cornerstone institutional capital investor can be found to back it, its regional council promoter announced. More>>

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Reserve Bank: OCR Stays At 2.25%
Reserve Bank governor Graeme Wheeler kept the official cash rate at 2.25 percent, in a decision traders had said could go either way, while predicting inflation will pick up as the slump in oil prices washes out of the data and capacity pressures start to build in the economy. More>>

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Export Values Down: NZ Posts Biggest Annual Trade Deficit In 7 Years
New Zealand has recorded its biggest annual trade deficit since April 2009, reflecting weaker prices of agricultural commodities such as dairy products, beef and lamb, and increased imports of vehicles and machinery. More>>

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Currency Events: NZ's New $5 Note Wins International Banknote Award
New Zealand’s new Brighter Money $5 note has been named Banknote of the Year in a prestigious international competition. The $5 note was awarded the IBNS Banknote of the Year title at the International Bank Note Society’s annual meeting. More>>

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Housing: Key Moots Tax On Foreign Buyers
Prime Minister John Key told TV One’s Q+A programme that the government could use a land tax to restrict foreign investment in residential housing under any re-negotiated free trade agreement with China... But the Prime Minister said, “at the moment, we’re not trying to stop the investment coming in.” More>>

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Robotics: NZ Wins World Schools Champs Title For Eighth Year
For the eighth year in a row New Zealand has earned the right to call themselves world champions at the VEX world robotics championships... Auckland’s Lynfield College achieved the ultimate accolade being crowned the winners of the High School Excellence Award, the top award of the championships. More>>

Demand Growing: New Zealand Wine Production Having A Goldilocks Year
Production volumes of New Zealand wine grapes this year are expected to be significantly higher than in 2015, although within a manageable range, said Rabobank’s latest quarterly wine report. More>>

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Cleaner Public Transport: US$30M Electric Vehicle Deal For NZ Bus
Infratil today announced a US$30m deal with Wrightspeed Inc. to supply its first-in-kind, award-winning electric powertrain technology – the Route™ 500, which it intends to deploy on its public transport business through NZ Bus. More>>

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Commerce Commission:Baby City Faces Charges Over Safety Of Cots
All charges brought by the Commission are under the Fair Trading Act 1986. They relate to two models of Baby City’s household cots (Milano 3-in-1 Sleigh style cot (Sleigh Cot) and Milano Phoenix cot (Phoenix Cot)) sold between October 2014 and October 2015. More>>

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Royal Society Report: New Zealand Vulnerable To The Threats Of Climate Change
The report finds that climate change, already underway, will almost certainly accelerate this century unless drastic action is taken to reduce global emissions of greenhouse gases... Changes expected to impact New Zealand include at least 30cm and possibly more than one metre of sea-level rise this century. More>>

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Echoes Manufacturing Slowdown: NZ Services Growth Slows In March
Growth in New Zealand's services sector, which accounts for about two-thirds of the economy, eased in March, echoing a slowdown in the pace of manufacturing. More>>

Gambling: Govt Open To Betting On Reality TV Under Racing Act Reform
The government is seeking public submissions on changes to the Racing Act which could see it impose fees on foreign gambling operators accepting bets from New Zealand, as well as expanding its own product range to compete better with online platforms. More>>

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Telco Review: More Predictable Regulation For Copper, Fibre
The copper and fibre-optic networks used for New Zealand telecommunications services will move to a simpler, more predictable form of regulation, similar to that used for regulating the monopoly parts of the electricity system, Communications Minister Amy Adams announced. More>>

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