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Huge offshore salmon farm faces early environmental headwinds
Plans for deep water salmon farming in Cook Strait have run into early opposition, surprising New Zealand King Salmon, which believes its proposals will improve environmental outcomes.However, King Salmon chief executive Grant Rosewarne still believes that resource consent hearin...
MARKET CLOSE: Resilient NZ market an attractive harbour for nervous investors
New Zealand shares rose as the resilient local market provided an attractive harbour for investors anxious about the spread of coronavirus in China. Defensive stocks such as utilities and property companies led the gain. The S&P/NZX 50 Index rose 58.19 points, or 0.4 percent,...
NZ dollar eases on weak services data, Chinese virus
The New Zealand dollar weakened after data showed the services sector fell to its lowest level of activity in more than seven years. The kiwi was trading at 66.07 US cents at 5pm in Wellington, up from the day's low at 65.93 cents but down compared with 66.20 cents at the same...
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