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NZ dollar falls as weak US data adds to concern global growth easing
April 19 (BusinessDesk) – The New Zealand dollar fell as weaker US data and disappointing earnings stoked concerns global growth may be slowing and weighed on stocks and risk appetite. The kiwi fell to 84.11 US cents from 84.51 cents at 5pm in Wellington yesterday. The trade-we...
Z looks for freight savings with increased storage at Lyttelton, Tauranga ports
April 19 (BusinessDesk) - Z Energy, the petrol retailer whose owners are mulling a listing later this year, wants to reap significant savings in freight costs as it spends $40 million to boost storage at ports in Lyttelton and Tauranga. The announcement coincides with today's...
While you were sleeping More signs of US weakness
By Margreet Dietz April 19 (BusinessDesk) - Wall Street dropped on disappointing earnings from companies including Morgan Stanley and eBay as well as the latest economic indicators suggesting a slowdown in the pace of the recovery. Shares of Morgan Stanley and eBay fell, last d...
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