Transpower lifts 1H profit on higher transmission revenue, eyes bond issue
By Rebecca Howard Feb. 23 (BusinessDesk) - Transpower New Zealand reported a higher first-half profit as the state-owned company saw a rise in transmission revenue. The Wellington-based company, which owns and operates the national grid that carries electricity around the c...
Air New Zealand posts 24% decline in 1H profit as competition mounts
(Updates to add detail throughout, broker comment, corrects operating revenue figure in 3rd paragraph) By Rebecca Howard Feb. 23 (BusinessDesk) - Air New Zealand posted a 24 percent fall in first-half pretax profit in the face of increasing competition both at home and abro...
NZ dollar holds gains as investors keep watch on the Fed
By Rebecca Howard Feb. 22 (BusinessDesk) - The New Zealand dollar held on to earlier gains as markets await minutes from the US Federal Reserve's latest meeting and several more speeches from Fed officials for a steer on where US interest rates may be heading. The kiwi tra...
A rising tide of protectionism could hit NZ dairy sector hard: NZIER
By Rebecca Howard Feb. 22 (BusinessDesk) - New Zealand's economy would be hard hit if there is a retreat to protectionism in the global dairy sector, a report from the New Zealand Institute of Economic Research has found. "In the current global trading system, the tide of...
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