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Energy Minister Bridges outlines questions to be answered on Auckland power outage
By Fiona Rotherham Oct. 7 (BusinessDesk) - Energy and Resources Minister Simon Bridges has formally requested the Electricity Authority conduct an inquiry into the Auckland power outage. All power has been restored to the 85,000 households and businesses that had their elec...
MARKET CLOSE: NZ shares slip as earnings growth questioned; Warehouse falls
By Suze Metherell Oct. 7 (BusinessDesk) - New Zealand stocks fell, paced by Kathamndu Holdings and Warehouse Group, as investors mulled the prospect of future earnings growth for domestic companies. The NZX 50 Index fell 5.606 points, or 0.1 percent, to 5235.708. Within the...
NZ dollar little changed vs. A$ after RBA keeps rates on hold
By Paul McBeth Oct. 7 (BusinessDesk) - The New Zealand dollar was little changed against its trans-Tasman counterpart after the Reserve Bank of Australia kept interest rates on hold, while saying weak wage growth is expected to keep inflation in check, even as the Australian c...
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