NZ dollar gains as Chinese data, GDT auction, allay fears about commodities
By Tina Morrison Jan. 20 (BusinessDesk) - The New Zealand dollar gained as Chinese economic data wasn't as bad as feared, improving sentiment about the outlook for commodities. The kiwi increased to 64.87 US cents at 8am in Wellington, from 64.33 cents at 5pm yesterday. The...
Smith City agrees to buy Furniture City for $5.85M for Auckland foothold
By Tina Morrison Jan. 19 (BusinessDesk) - Smiths City, the Christchurch-based retailer which is rejigging its assets to improve earnings, has agreed to buy retailer Furniture City, giving it a foothold in the Auckland market. The company's trading arm Smiths City (Southern)...
NZ Refining earns record fees as throughput jumps to all-time high; shares gain
By Tina Morrison Jan. 19 (BusinessDesk) - Shares in New Zealand Refining jumped after the operator of the country's only oil refinery earned its highest ever fee last year as it processed a record number of barrels. The Whangarei-based company's customers paid it a record...
MightyRiverPower buys solar power installer What Power Crisis
By Tina Morrison Jan. 19 (BusinessDesk) - MightyRiverPower, which produces most of its electricity through hydro and geothermal generation, is buying solar power business What Power Crisis amid increased demand for the technology. WPC installs residential and commercial sol...
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