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UPDATE: Govt hints at higher carbon price cap as forestry funding soars; targets natives
(Adds detail throughout) By Pattrick Smellie Aug. 13 (BusinessDesk) - The government is hinting it will lift the $25 a tonne upper limit on the price of a New Zealand Unit of carbon dioxide in the Emissions Trading Scheme, in an announcement following hard on a doubling of...
MARKET CLOSE: NZ shares fall as Turkey woes ripple through markets; blue chips include F&P, Fletcher drop
By Paul McBeth Aug. 13 (BusinessDesk) - New Zealand shares fell in a global rout as fears over the Turkish economy and its potential threat to the European banking system weighed on risk-sensitive assets and emerging markets in particular. Blue-chip stocks including Fisher & P...
Exporter demand halts NZ dollar's slide
By Rebecca Howard Aug. 13 (BusinessDesk) - The New Zealand dollar was largely unchanged in local trading as exporters piled into the currency at a two-year low, offsetting the downbeat tone sparked by Turkey's economic woes. The kiwi traded at 65.72 US cents as at 5pm in W...
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