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MARKET CLOSE NZ shares fall on Chorus dividend doubts; Air NZ selldown underway
Nov. 18 (BusinessDesk) – New Zealand shares fell, led by Chorus, after the network company withdrew its guidance on paying dividends next year because of the uncertainty created by looming regulated prices and the government’s possible response. The NZX 50 Index fell 22.04 poin...
Meridian receipts sink close to listing price
Nov. 18 (BusinessDesk) – Strong inflows of water to its South Island hydro storage lakes and windy weather saw Meridian Energy generate 13 percent more electricity in the three months to Sept. 30 than in the same period last year, but at wholesale prices 22 percent lower than th...
NZ dollar holds gains as investors await Fed minutes, US data
By Paul McBeth Nov. 18 (BusinessDesk) - The New Zealand dollar held gains in local trading after weaker US manufacturing figures on Friday weighed on the greenback, leaving investors cautious ahead of the Federal Reserve minutes to last policy meeting later this week. The kiw...
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