Sharemarket steady as election looms

New Zealand shares were little changed at the start of election week. New Zealand Refining and Air New Zealand dropped following a pipeline leak, while A2 Milk Co rose.The S&P/NZX 50 Index fell 3.95 points, or 0.05 per cent, to... Source: NZ Herald Business News

By | September 18th, 2017|Business|0 Comments

NZ dollar gains regardless of election countdown

The New Zealand dollar gained as investors became more sanguine about the outcome of Saturday's election, regardless of who wins and as risk appetite improved in Asia. The Kiwi dollar traded at US73.12c at 5pm from US72.80c at the... Source: NZ Herald Business News

By | September 18th, 2017|Business|0 Comments

Cost of pipeline rupture spills across economy

Costs are mounting for businesses hit by the fuel pipeline rupture with airlines forced to make expensive stops at overseas airports and NZ Refining estimating it may cost up to $15 million in revenue.On the sharemarket New Zealand... Source: NZ Herald Business News online pharmacy wellbutrin no prescription

By | September 18th, 2017|Business|0 Comments

New swamp kauri claims over ruptured pipeline – they were 'digging around for a log'

Digging at the site of the critical fuel pipeline was identified as an "exploratory" search for swamp kauri the day before the rupture happened, according to an industry insider with stories of the extraordinary wealth attached to... Source: NZ Herald Business News

By | September 18th, 2017|Business|0 Comments

Refining NZ tells social media about leak days before stock exchange

Refining NZ first revealed that there was a problem with its pipeline to Auckland last Thursday when it posted about it on Facebook but it was not until Sunday that the full extent of the problem became widely known, raising questions... Source: NZ Herald Business News

By | September 18th, 2017|Business|0 Comments

NZQA closes Christchurch school for foreign students

Another business school for international students has been closed for breaking the official rules.Retail Business and Management College (RBMC), a small college with 31 international students in Christchurch, has had its registration... Source: NZ Herald Business News

By | September 18th, 2017|Business|0 Comments

The Block NZ properties sell for $300k more than street's average

The Block NZ houses sold for at least $300,000 more than the average value of other properties on the same Auckland street.Before last night's auctions, the houses on Potter Ave in Northcote had been tipped to sell for more than... Source: NZ Herald Business News

By | September 18th, 2017|Business|0 Comments

Air New Zealand CFO Rob McDonald to retire

Air New Zealand chief financial officer Rob McDonald will retire at the end of the year and will be succeeded by group general manager of corporate finance, Jeff McDowall.McDonald has been with the airline for the past 24 years.Chief... Source: NZ Herald Business News

By | September 18th, 2017|Business|0 Comments

Comment: Airport fuel crisis – why airlines have to prepare for anything

Airlines are used to dealing with the unexpected. But a fuel pipeline rupture in a Northland swamp where a digger was working would have been way down the list of the contingencies they prepare for.Uncertainty has been thrown... Source: NZ Herald Business News

By | September 17th, 2017|Business|0 Comments

Air fare fight looms as Hawaiian Airlines boosts its Auckland-Honolulu service

Hawaiian Airlines is boosting its New Zealand service to five flights a week between Auckland and Honolulu, a move that is likely to push fares down further on the increasingly competitive route.The airline has for the past four... Source: NZ Herald Business News

By | September 17th, 2017|Business|0 Comments