NZ Refining says pipeline leak won't hit revenue as hard
By Rebecca Howard Sept. 26 (BusinessDesk) - New Zealand Refining, which operates the country's only oil refinery in Marsden Point, said the impact of damage to the pipeline between the refinery and the Auckland depot will be less than anticipated. The damage - reported ear...
NZ dollar falls as markets await new government
By Rebecca Howard Sept. 25 (BusinessDesk) - The New Zealand dollar fell after there was no clear winner in Saturday's election with both the National Party and Labour-Green bloc vying to form a government with New Zealand First. The kiwi dropped to 72.54 US cents as at 5pm...
Reserve Bank seen on hold this week, no change in tone expected
By Rebecca Howard Sept. 25 (BusinessDesk) - The Reserve Bank of New Zealand is tipped to keep rates on hold Thursday and acting governor Grant Spencer is widely expected to signal no change on the immediate horizon in his first rate decision. All 13 economists polled by Bl...
MARKET REACTION: NZ stocks, dollar tread water after election amidst uncertainty
By Sophie Boot and Rebecca Howard Sept. 25 (BusinessDesk) - New Zealand markets are treading water as coalition talks get underway after Saturday's general election although sentiment is also being weighed on by offshore events. Preliminary results show New Zealand First pa...
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