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NZ terms of trade soar to 40-year high in 3Q as diary prices rocket
Dec. 2 (BusinessDesk) - New Zealand’s terms of trade, which measure the quantity of imports the country can buy with a set amount of exports, climbed to its highest level since December 1973 as dairy prices surged in the quarter, while cheaper electrical machinery kept a lid on...
CORRECT MRP and Maori owners face $15M bill to fix geothermal turbine
(corrects headline to reflect joint ownership) Dec. 2 (BusinessDesk) – MightyRiverPower is shutting down its largest geothermal power station, the 140 Megawatt Nga Awa Purua installation, to perform temporary repairs after finding geothermal fluids have damaged the three-year-ol...
UDC Finance boosts annual profit 13 percent as primary sector lending leads growth
By Paul McBeth Dec. 2 (BusinessDesk) - UDC Finance, the finance company owned by ANZ Bank New Zealand, boosted annual profit 13 percent on improved margins and growing exposure to the primary sector. Net profit rose to $43 million in the 12 months ended Sept. 30, from $38 mill...
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