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NZ dollar pares overnight losses, range-bound ahead of dairy auction, RBNZ

NZ dollar pares overnight losses, range-bound ahead of dairy auction, RBNZ

By Rebecca Howard June 20 (BusinessDesk) - The New Zealand dollar recovered some overnight losses after New York Federal Reserve President William Dudley signalled a willingness to gradually increase US interest rates to support economic growth but the local currency remained...

Rebecca Howard 20 Jun 2017
Transpower proposes new grid pricing review as regulator delays again

Transpower proposes new grid pricing review as regulator delays again

By Pattrick Smellie June 20 (BusinessDesk) - National electricity grid operator Transpower is proposing a fresh 'operational review' of the way power companies are charged for the cost of the grid as the sector's regulator, the Electricity Authority, announces further delay to...

Pattrick Smellie 20 Jun 2017
Scott Technology buys Dunedin engineering firm DC Ross out of receivership

Scott Technology buys Dunedin engineering firm DC Ross out of receivership

By Paul McBeth June 20 (BusinessDesk) - Scott Technology has bought Dunedin engineering firm DC Ross out of receivership and, separately, plans to expand its existing facilities in the Otago city.  The industrial robotics firm expects to pay less than $500,000 for the asset...

Paul McBeth 20 Jun 2017