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Horizon Energy cuts guidance on regulation, acquisition; Mainzeal losses still to come
Feb. 11 (BusinessDesk) - Eastern Bay of Plenty electricity lines company Horizon Energy has sliced its forecast earnings by a fifth on the cost of regulation and last year's Aquaheat acquisition, and signalled there may be more to come due to its exposure to the collapse of Main...
NZ dollar buoyed by US trade improvement, gains on Wall Street
Feb. 11 (BusinessDesk) – The New Zealand dollar recovered some ground on Friday after figures showed a shrinking US trade deficit and gains on Wall Street helped stoke risk appetite. The kiwi dollar traded at 83.54 US cents from 83.49 cents in late New York trading on Friday, h...
World Week Ahead A yen for Obama
By Margreet Dietz Feb. 11 (BusinessDesk) – Investors will closely eye President Barack Obama's State of the Union address on Tuesday for his take on the economic recovery and the status of negotiations towards lifting the US debt ceiling as he details plans for his second term...
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