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ETS figures show big emitters chasing cheap foreign carbon units
Aug. 3 (BusinessDesk) - New Zealand's major emitters of greenhouse gases took advantage of the plummeting global price of carbon to offset their emissions in 2011, figures from the Ministry for the Environment show. The report is the first to cover 12 months of the operation of...
New Zealand dollar gains ahead of US employment, Spanish update on finances
By Paul McBeth Aug 03 (BusinessDesk) - The New Zealand dollar gained in local trading ahead of US jobs figures which will likely show the unemployment rate is unchanged in the world's biggest economy, and as Spain's government prepares to make a public announcement on how it's f...
S and P affirms NZ's AA rating, fiscal strength offsets high private-sector debt
By Hannah Lynch Aug. 3 (BusinessDesk) - Rating agency Standard & Poor’s has affirmed New Zealand's AA rating, saying the Crown's strong balance sheet mitigates the nation's high level of private debt. New Zealand retained its AA foreign currency long-term rating and kept a sta...
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