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Regulator pushes out copper line pricing deadline
By Paul McBeth May. 22 (BusinessDesk) - The Commerce Commission has pushed out a deadline to set the regulated price Chorus can charge to access services on its copper lines after accepting concerns raised by the retail companies. The regulator is aiming to make a draft dec...
Heartland targeting on agri, car lending wins rating upgrade by S&P
By Paul McBeth May. 22 (BusinessDesk) - Heartland Bank, which trades on the NZX as Heartland New Zealand, had its credit rating upgraded a notch by Standard & Poor's after the rating agency was impressed by the bank's decision to focus lending in certain markets. S&P raised...
NZ dollar falls to 3-week low against British pound as BOE seen eyeing rate rises
By Tina Morrison May. 22 (BusinessDesk) - The New Zealand dollar fell to a three-week low against the British pound on the expectation a revival in the British economy may prompt the Bank of England to raise interest rates earlier than previously forecast. The kiwi tou...
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