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While you were sleeping Retail sales fail to inspire
Dec 2 (BusinessDesk) – Wall Street began the week flat as the start to the holiday sales season was mixed, leaving investors wary of placing too many fresh bets ahead of the November payrolls report on Friday. On a positive note, US manufacturing surprisingly picked up speed las...
Key hints at Chorus contract renegotiation
By Pattrick Smellie Dec. 2 (BusinessDesk) – Prime Minister John Key appears to be holding the door open to renegotiating the price at which Chorus undertakes its part of the national roll-out of fibre-optic cable under the government’s ultra-fast broadband project. Speaking aft...
MARKET CLOSE NZ shares fall as Chorus battles regulation, Meridian dips
Dec. 2 (BusinessDesk) – New Zealand shares fell as Chorus, fighting price controls, sank to a record low and other utilities at risk of regulation, including Meridian Energy, declined. The NZX 50 Index declined 2.621 points, or 0.1 percent, to 4792.329. Within the index, 21 sto...
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