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NZ trade surplus smaller than expected in May as crude oil, meat exports fall
June 27 (BusinessDesk) – New Zealand recorded a smaller-than-expected trade surplus last month as exports including crude oil and meat missed estimates, offset by a drop in imports. The trade surplus was $71 million in May, for an annual deficit of $869 million, according to Sta...
Chorus cops 13 percent of $50 mln telecommunications levy
June 27 (BusinessDesk) - Chorus, the network operator spun out of Telecom, will have to stump up $6.4 million for its share of the annual levy to fund commercially non-viable telecommunications services after raising concerns about its ability to recoup the cost. The Commerce C...
NZ dollar gains after weaker US growth damps expectations of tapering
By Tina Morrison June 27 (BusinessDesk) – The New Zealand dollar gained after a report showed the US economy grew less than previously estimated in the first quarter, easing speculation the Federal Reserve will start slowing monetary stimulus any time soon. The kiwi rose to 77....
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