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NZ annual current account deficit widest in nine years
By Rebecca Howard Sept. 19 (BusinessDesk) - New Zealand posted its widest annual current account deficit in nine years in the June quarter as foreign-owned firms reaped bigger income from their domestic operations than Kiwi companies did overseas. The annual deficit widene...
Consumer confidence falls to six-year low in September quarter
By Rebecca Howard Sept. 19 (BusinessDesk) - Consumer confidence fell to a six-year low in the September quarter as New Zealand households fret about the outlook for their own finances and the general economy, according to the latest Westpac McDermott Miller survey. The Wes...
Near-record throughput at Marsden Point
By Gavin Evans Sept. 19 (BusinessDesk) - The Marsden Point oil refinery processed a near-record 7.62 million barrels of oil during the past two months. Operator New Zealand Refining said its throughput for July and August was the second highest on record. It attributed the...
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