NZ dollar falls vs Aussie on wider January trade deficit
By Rebecca Howard Feb. 27 (BusinessDesk) - The New Zealand dollar fell against its trans-Tasman counterpart after traders were surprised by local trade data unexpectedly showing the biggest January trade deficit since 2007. The kiwi dropped to 92.78 Australian cents as at...
Fickle rainfall favours Mercury, Genesis in gen-tailers' first-half earnings
By Rebecca Howard Feb. 27 (BusinessDesk) - Reporting season was a tale of two islands for the electricity sector as dry South Island conditions sapped first-half earnings for Contact Energy and Meridian Energy, forcing them to lean on backstop Genesis Energy, while Mercury NZ...
Oslo-listed Tomra Food buys kiwi small fruit packing company BBC Technologies
By Rebecca Howard Feb. 27 (BusinessDesk) - Oslo-listed Tomra Food has inked a deal to buy 100 percent of the shares in Hamilton-based small fruit packing and sorting company BBC Technologies for $66.9 million. The deal - expected to close at the end of February - will see...
Turners reports minimal impact after cargo ships turned away due to stink bug
By Rebecca Howard Feb. 27 (BusinessDesk) - Turners Automotive Group, New Zealand's largest second-hand vehicle retailer, said there has been minimal impact on its business from cargo ships being turned away from local ports after brown marmorated stink bugs were detected and i...
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