Duncan Saville's Utilico ends 12-year run as substantial Infratil investor
By Paul McBeth Jan. 22 (BusinessDesk) - Long-standing Infratil shareholder Utilico Investments has ended its 12-year run as a substantial shareholder in the infrastructure investor. The UK investment house sold 5 million shares on Jan. 20, trimming its stake in the company...
Cheap oil may spur RBNZ to rethink flat OCR
By Paul McBeth Jan. 22 (BusinessDesk) - The global oil glut depressing consumer prices around the world may prompt the Reserve Bank to rethink its flat outlook for the official cash rate this year, but economists don't think it will signal its intentions at next week's regular...
NZ dollar gains as oil prices recover, Asian stock rally
By Paul McBeth Jan. 21 (BusinessDesk) - The New Zealand dollar recovered yesterday's losses as oil prices rose from a 13-year low, triggering a rally in equity markets and spurring demand for commodity-linked currencies. The kiwi rose to 64.36 US cents at 5pm in Wellington...
NZ dollar falls as weak inflation fuels rate cut expectations
By Paul McBeth Jan. 20 (BusinessDesk) - The New Zealand dollar fell after inflation data missed expectations with the global glut of oil reducing petrol prices, stoking bets the Reserve Bank will have to cut interest rates this year. The kiwi dropped to 63.78 US cents at 5...
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