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No extra funding for Chorus in UFB deal with Crown Fibre
By Paul McBeth March 11 (BusinessDesk) - Chorus won’t get any additional government funding from Crown Fibre Holdings as part of a deal to help the telecommunications network operator manage cash flow and provide more certainty for the ultrafast broadband roll-out. The Wellin...
NZ dollar touches month-high vs. sterling after BOE talks down currency
By Tina Morrison March 11 (BusinessDesk) – The New Zealand dollar touched a month-high against the British pound after a Bank of England official talked down the value of sterling. The kiwi rose as high as 50.92 British pence early this morning, matching the level it reached a...
While you were sleeping China hits stocks, copper
By Margreet Dietz March 11 (BusinessDesk) – Stocks and commodities including copper and iron ore fell after a surprise drop in China’s exports bolstered concern about the slowing growth in the world’s second-largest economy. China’s exports sank 18.1 percent in February from a...