The Fonterra Shareholders’ Council has confirmed that a second election for the remaining vacancy on Fonterra’s Board of Directors will be held in December. Voting will open on 3 December and close at 1.00pm on 20 December, and the results will be announced later the same day.

Daily Market Update From XE:   The NZDUSD opens at 0.6785 (mid-rate) this morning.They came in worse than expected:

27 Nov:  0825  |  New Immigration changes for international students have come into effect from today (November 26th). One of major changes is that migrant workers who are currently holding an employer assisted visa (a visa which binds the workers to a particular employer and to a particular location of work) will be able to apply for an open work visa.

“The new Housing and Urban Development Authority (HUDA) will help the Government cut through red-tape to deliver urban regeneration in our largest cities, but to deliver affordable housing the Government must now turn its attention to greenfield development and wider policy reform,” says Stephen Selwood Chief Executive of Infrastructure New Zealand.

E tū members at Sistema have walked off the job for the third time, effective from 7am.

LGNZ welcomes the establishment of the Housing and Urban Development Authority, noting that housing affordability is a wicked problem for New Zealand that can only be tackled through a partnership between central and local government.

Urban development will be better enabled by the newly established Housing and Urban Development Authority, says the Employers and Manufacturers Association (EMA).

LGNZ is delighted by the Associate Minister for the Environment’s announcement today of a six month phase-out period for single-use plastic bags.

The New Zealand workers who make carpets for commercial and residential use at what’s touted as one of the top carpet manufacturers in the world have reached a stalemate with the company over wages and overtime.

Air New Zealand’s first A321neo (new engine option) aircraft will operate its inaugural service this afternoon, flight NZ739 from Auckland to Brisbane.