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NZ shares drop 2% in early trading as US markets recover
By Sophie Boot Feb. 7 (BusinessDesk) - New Zealand shares fell 2 percent as the market opened, following global sharemarkets lower, although selling was not as severe as some market watchers feared. As at 10:25am, the S&P/NZX50 Index was down 158.6 points, or 1.9 percent, t...
Infratil reviews ownership of NZ Bus after locking in Auckland, Wellington contracts
By Jonathan Underhill Feb. 7 (BusinessDesk) - Infratil, the publicly listed infrastructure investor, has begun a strategic review of its ownership of NZ Bus after concluding negotiations for contracts for Wellington and Auckland commuter services valued at $1.3 billion. "In...
NZ dollar gains as dairy prices rise, employment data looms
By Jonathan Underhill Feb. 7 (BusinessDesk) - The New Zealand dollar rose as dairy product prices gained for the third straight auction and as traders await employment data that may show a higher jobless rate and slower employment growth in the fourth quarter. The kiwi trad...
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