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Cancelled refinery strike leaves oil companies holding emergency fuel shipment
by Pattrick Smellie and Fiona Rotherham Sept. 29 (BusinessDesk) - The cancellation of a two day strike at the Marsden Point oil refinery next week has left the country's four main oil companies with an unwanted 50 million litre emergency shipment of aviation fuel that set sail...
MARKET CLOSE:NZ shares rise on weaker kiwi; Fletcher gains, Meridian drops
By Suze Metherell Sept. 29 (BusinessDesk) - New Zealand shares rose as a weaker kiwi dollar attracted investors to stocks with currency exposure such as Fletcher Building and Fisher & Paykel Healthcare. Meridian Energy extended its fall from a record. The NZX 50 Index incre...
Kiwi sinks on RBNZ intervention, PM's 'Goldilocks' comment
By Paul McBeth Sept. 29 (BusinessDesk) - The New Zealand dollar dropped to a 13-month low after figures confirmed the Reserve Bank intervened in foreign exchange markets last month in a bid to reinforce its downward trajectory, and after Prime Minister John Key said he'd prefe...
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