Moody's pulls Wellington Airport credit rating 'for business reasons'
By Paul McBeth Oct. 29 (BusinessDesk) - Moody's Investors Service, the global rating agency, has withdrawn its A2 rating for Wellington International Airport for its own business reasons. "Moody's has withdrawn the rating for its own business reasons," referring to its poli...
Pyne Gould chairman Mogridge quits 'for personal reasons'
By Paul McBeth Oct. 29 (BusinessDesk) - Pyne Gould Corp chairman Bryan Mogridge has left the financial services firm effective from today "for personal reasons", while the company contends with its second share trading suspension in as many years. The Guernsey-based, NZX-li...
Turners builds MTF stake to 7.6%, still in talks with some shareholders
By Paul McBeth Oct. 29 (BusinessDesk) - Turners, the company formerly known as Dorchester Pacific, has built up a 7.6 percent stake in Motor Trade Finances and is in talks with other shareholders after its offer to buy up to a fifth of the auto-lender closed earlier this month...
RBNZ's 'watch and wait' language boosts kiwi dollar despite warning on gains
By Paul McBeth Oct. 29 (BusinessDesk) - The New Zealand dollar rebounded after the Reserve Bank left interest rates on hold and warned the currency's recent appreciation may keep rates low, as traders took Governor Graeme Wheeler's "watch and wait" language as a sign an immedi...
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