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Auditor-General wings Dunedin Council in report on Jacks Point debacle

Auditor-General wings Dunedin Council in report on Jacks Point debacle

By Pattrick Smellie March 13 (BusinessDesk) – The Auditor-General holds the Dunedin City Council partly to blame for pre-tax losses totalling $8.7 million on Central Otago property developments in the late 2000s by its wholly-owned electricity network company, Delta. Delta los...

20 Mar 2014
NZ dollar falls after economic growth meets forecasts, Fed sees faster rate hikes next year

NZ dollar falls after economic growth meets forecasts, Fed sees faster rate hikes next year

By Paul McBeth March 20 (BusinessDesk) - The New Zealand dollar fell as local economic growth met market expectations, while a more upbeat Federal Reserve signalled steeper interest rate increases as the world’s biggest economy shows more signs of life. The kiwi fell to 85.24...

20 Mar 2014
Jetstar ditches Auckland-Singapore route as Air NZ, Singapore Airlines await codeshare sign off

Jetstar ditches Auckland-Singapore route as Air NZ, Singapore Airlines await codeshare sign off

By Suze Metherell March 20 (BusinessDesk) – Jetstar, the discount unit of Australian airline Qantas Airways, is abandoning the Auckland- Singapore as Air New Zealand awaits regulator’s approval on its code sharing deal with Singapore Airlines that will lift their combined capac...

20 Mar 2014