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NZ dollar gains after Putin changes tack on Ukraine, Australian GDP beats expectations

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...

05 Mar 2014
EQC faces budget blowout if home repair deadline missed

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...

05 Mar 2014
Z Energy saves $50 mln capex in refinery crude-matching deal

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...

05 Mar 2014