NZ dollar heads for 0.4% weekly dip after Fed embarks on rate hike cycle
By Paul McBeth Dec. 18 (BusinessDesk) - The New Zealand dollar is heading for a 0.4 percent weekly dip after the Federal Reserve raised interest rates for the first in almost a decade, ending a near-zero rate policy that's been in place since the global financial crisis. T...
NZ business confidence ends 2015 at 8-mth high as growth prospects remain solid
By Paul McBeth Dec. 18 (BusinessDesk) - New Zealand businesses ended 2015 on an upbeat note, with confidence rising to the highest level since April as recent data points to robust growth in the year ahead. A net 23 percent of firms were optimistic about the general outloo...
Trustpower plans to carve out wind business, with Infratil's backing
By Paul McBeth Dec. 18 (BusinessDesk) - Utility company Trustpower plans to spin out its windfarms and renewable development pipeline into a separate business, and has the blessing of majority shareholder Infratil to do so. The Tauranga-based company which is currently lo...
Aupouri Maori Trust Board insolvent, but not fraudulent, inquiry finds
By Paul McBeth Dec. 18 (BusinessDesk) - A Ministerial-ordered inquiry into the financial woes of Aupouri Maori Trust Board has cleared the entity of any misdoing, though confirmed its insolvency. Maori Development Minister Te Ururoa Flavell has directed the trust's board to...
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