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NZ dollar headed for 1% fall against greenback as markets fret about trade
By Rebecca Howard Nov. 23 (BusinessDesk) - The New Zealand dollar is headed for a 1 percent fall against the greenback this week as worries about global growth cast a pall over markets. The kiwi traded at 68.06 at 5pm in Wellington versus 68.11 US cents at 8am and late yest...
KiwiRail gets $40 mln for Coastal Pacific upgrade
By Gavin Evans Nov. 23 (BusinessDesk) - KiwiRail has received $40 million of Crown funding to increase patronage on the Coastal Pacific passenger service on the South Island. The funds will be used to operate the Picton to Christchurch service year-round, add an additional...
CORRECT: Alliance Group more than halves net profit
(Corrects to fix typo in third paragraph to change royalty to loyalty) By Rebecca Howard Nov. 23 (BusinessDesk) - Red meat cooperative Alliance Group more than halved its net profit as it paid more for livestock and in tax, interest and administration costs. Net profit...
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