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UPDATE Kiwi dollar falls as jobs report shows falling participation, shrinking employment
By Paul McBeth Feb. 7 (BusinessDesk) - New Zealand dollar shed half a cent against the greenback after a fall in the headline unemployment rate masked figures showing kiwis quit the workforce in droves and employment shrank in the final three months of 2012. The unemployment...
Regulator sees little reason for power prices to rise
By Pattrick Smellie Feb. 7 (BusinessDesk) - The Electricity Authority sees few reasons for residential electricity tariffs to rise in the next 12 to 18 months, as increased transmission and distribution costs are offset by a glut of electricity generation capacity and far better...
FMA to pursue Strategic Finance directors over 'likely' Securities Act breaches
Feb. 7 (BusinessDesk) - The Financial Markets Authority is preparing to file civil actions against the six directors of the failed finance company, Strategic Finance, saying it's concluded they are "likely to have breached the Securities Act". The apparent breaches were in a pro...
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