1. Boiled down, New Zealand can reach net-zero carbon emissions by 2050 from driving hard on two simple goals:a) convert the transport fleet to electricity quickly, followed by industrial heat; andb) plant trees at a rate not... Source: NZ Herald Business News
OMAHA, Neb. (AP) — Union Pacific Corp.'s first-quarter earnings chugged ahead 22 percent as the railroad hauled 2 percent more freight and increased its prices.The Omaha, Nebraska-based railroad said Thursday it earned $1.31 billion,... Source: NZ Herald Business News
The Government should be pretty happy with the Productivity Commission's draft report, released today, on the transition to a low-carbon economy.The commission concludes that a long-term target of net zero emissions of greenhouse... Source: NZ Herald Business News
BOSTON (AP) — The Latest on MGM's plans to open a casino in Massachusetts (all times local):1 p.m.Executives for MGM and Wynn are tamping down speculation the companies are quietly in talks over Wynn's Boston-area casino.MGM... Source: NZ Herald Business News
SUPERIOR, Wis. (AP) — The Latest on a Wisconsin refinery explosion that injured several people (all times local):12:55 p.m.The number of people injured in a refinery explosion in Wisconsin has grown to at least 11.Essentia Health... Source: NZ Herald Business News
FRANKFURT, Germany (AP) — Deutsche Bank reports that its profit fell to 120 million euros ($146 million) in the first quarter as exchange rates and lower revenues at its investment bank weighed on profits.The bank, which is struggling... Source: NZ Herald Business News
New Zealand shares dipped with Westpac Banking Corp and Australia & New Zealand Banking Group down as the banking scandal across the Tasman deepens, while Tegel Group surged on a planned takeover offer.The S&P/NZX50 Index fell 6.59... Source: NZ Herald Business News
Related building products companies Timber King and NZ Steel Distributor have been fined $400,950 after pleading guilty to making false and misleading representations about their steel mesh products used to strengthen buildings. Judge... Source: NZ Herald Business News
The New Zealand dollar held near a 3 1/2-month low as rising US bond yields underpinned demand for the greenback, reducing the allure of the kiwi, and ahead of the European Central Bank's latest policy review. The kiwi traded at... Source: NZ Herald Business News
FRANKFURT, Germany (AP) — Investors are waiting to hear what the European Central Bank's president, Mario Draghi, makes of recent conflicting data about where Europe's economy is headed.Draghi holds a news conference Thursday after... Source: NZ Herald Business News