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Reserve Bank of Australia keeps key rate at 2%, with scope for easing
By Jonathan Underhill Nov. 3 (BusinessDesk) - The Reserve Bank of Australia kept the cash rate unchanged at 2 percent while explicitly saying there was room to cut rates because inflation was likely to remain "low" and "a degree of spare capacity" would remain in the economy....
Trustpower offers 'fair price' for King Country Energy 'bolt-on', investor says
By Sophie Boot Nov. 3 (BusinessDesk) - Trustpower has offered a "fair price" in its $126.6 million takeover of King Country Energy, a bolt-on acquisition that will lift the utility company's customer base by about 7 percent and adding significant electricity generation capacit...
Inflation rebound unlikely, OCR heading for 2%, says Westpac
By Sophie Boot Nov. 3 (BusinessDesk) - Inflation is likely to undershoot the Reserve Bank's forecast in 2016 because of an unexpectedly strong kiwi dollar, adding to the case for deeper interest rate cuts, Westpac Banking Corp economists say. The trade-weighted index was re...
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