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NZ dollar gains after Putin changes tack on Ukraine, Australian GDP beats expectations
By Paul McBeth March 5 (BusinessDesk) - The New Zealand dollar rose after investors regained some confidence when Russian President Vladimir Putin toned down his rhetoric over the Crimean Peninsula, and after Australia’s economy grew more than expected in the fourth quarter. T...
EQC faces budget blowout if home repair deadline missed
By Suze Metherell March 5 (BusinessDesk) – The Earthquake Commission, which has an estimated $12 billion of claim liabilities from the Canterbury earthquakes, faces a potential cost spiral if it misses a year-end target to complete all home repairs, says the Auditor General. T...
Z Energy saves $50 mln capex in refinery crude-matching deal
March 5 (BusinessDesk) – Z Energy will defer $50 million of capital expenditure on new storage facilities at Tauranga and Lyttelton by cutting a deal with BP and the operators of the Marsden Point oil refinery to coordinate the quality of crude oil the refinery processes. While...