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TrustPower wins tax dispute over deductions on project feasibility costs
Nov. 18 (BusinessDesk) - TrustPower, the energy company controlled by Infratil, has won a tax dispute with the Inland Revenue Department over whether it could claim deductions on costs arising from the feasibility of renewable generation projects. The High Court ruled in favou...
NZ Dollar Outlook Kiwi may gain as investors favour riskier assets
By Tina Morrison Nov. 18 (BusinessDesk) – The New Zealand dollar may gain this week as higher risk assets remain in favour. The local currency may trade between 81.80 US cents and 85 cents this week, according to a BusinessDesk survey of nine traders and strategists. Five expe...
NZ services sector activity rises to 6-year high, led by new orders
Nov. 18 (BusinessDesk) - New Zealand’s services sector, which accounts for almost two-thirds of the economy, accelerated to a six-year high in October, led by the strength of new orders and sales. The BNZ-BusinessNZ performance of services index rose 1.8 points to 58.2 last mon...
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