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NZ's terms of trade drops 1.9% in 1Q, first fall since September 2016
By Rebecca Howard June 1 (BusinessDesk) - New Zealand's merchandise terms of trade fell from a record high in the March quarter and broke a five-quarter streak of rises as weaker dairy prices weighed. The terms of trade, which measures the purchasing power of New Zealand’s...
Longroad Energy has Texas windfarm funding in place, looking at possible sale
By Rebecca Howard June 1 (BusinessDesk) - Longroad Energy, a renewable energy project developer jointly owned by Infratil and the New Zealand Superannuation Fund, has funding in place to build a US$300 million wind project in Texas and is evaluating the long-term ownership opt...
BP's NZ profit climbs 65% to $243M in 2017 as govt scrutinises fuel industry pricing
By Sophie Boot June 1 (BusinessDesk) - The New Zealand division of British Petroleum, one of the world's largest oil and gas companies, which was criticised last month after a leaked email revealed its pricing tactics and prompted government action, lifted annual profit 65 per...
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