New Zealand Refining shares fell after the Marsden Point refinery operator said a longer planned outage than anticipated will cost more and hit the bottom line harder than previously forecast.
Air New Zealand’s international routes will bear the brunt of oil prices near a 3 and a half year high as stiffer competition and the cost of flying vast distances set a higher bar for the national carrier than the domestic market, analysts say.
Potential tax increases were one of the main weapons used by National in its election battle. But documents suggest the Government has been considering its own bump in revenue gathering to pay for transport spending. Shane Cowlishaw reports.
Yet again, inflation is failing to fire this year and interest rates are staying lower for longer. Bernard Hickey looks at why prices, wages and interest rates just won't, or can't, get up off the floor.
Inflation was surprisingly weak in the June quarter, which means financial markets and economists now see the Reserve Bank as more likely to keep the Official Cash Rate on hold for longer.