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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...
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...
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...
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