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Massive demand for 2029 NZ govt bonds: $5B bid for $2B on offer
By Rebecca Howard March 13 (BusinessDesk) - The New Zealand Debt Management Office's sale of a new April 20, 2029, bond was 2 1/2 times overbid as investors looked to lock in attractive long-term interest rates ahead of what looks to be a gradual rise in global interest rates....
Energy Minister Woods says low income people shouldn't subsidise solar power
By Pattrick Smellie March 13 (BusinessDesk) - Energy Minister Megan Woods has told a major electricity industry conference the government is watching to make sure low-income consumers don't end up facing higher electricity costs caused by wealthier people installing solar powe...
NZ dollar sticks to tight range ahead of US CPI data
By Rebecca Howard March 13 (BusinessDesk) - The New Zealand dollar was little changed, holding in a tight range in jittery markets ahead of US inflation data due later in the global trading day. The kiwi traded at 73.12 US cents as at 5pm in Wellington from 72.93 US cents a...
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