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NZ dollar recovers from four-month low, likely to face more downside
By Paul McBeth Feb. 3 (BusinessDesk) - The New Zealand dollar bounced from a four-month low, though faces more downside pressure with local employment figures and Australian consumer spending data later in the week. The kiwi rose to 81.16 US cents at 5pm in Wellington from 80...
Genesis Energy float timing soon, says Key
Feb. 3 (BusinessDesk) – The government has received advice saying the partial privatisation of Genesis Energy is achievable in current market conditions and a decision on timing is expected “soon,” Prime Minister John Key says. The largest of the ‘big four’ electricity company...
Elders comfortable with US response to ‘Just Shorn’ carpet range
By Paul McBeth Feb. 3 (BusinessDesk) - Elders Rural Holdings, the rural services firm, is happy with the way its ‘Just Shorn’ brand is tracking in the US, and plans to roll-out the wool carpet range across the Tasman next month. The ‘Just Shorn’ carpet brand is a partnership b...
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