By Pam Graham Marlborough’s mayor is hoping meetings early this year will shed light on why the government is seriously considering a $422 million ferry terminal at Clifford Bay which will knock the economy of Picton. Marlborough District Council Mayor Alistair Sowman says a meeting he has on Thursday with Andrew Robertson, the management consultant running the Clifford Bay project …

The New Zealand dollar was trading in a narrow range as traders waited for direction on Japanese monetary police and for US markets to gear up again after the Martin Luther King holiday. The kiwi was at 83.63 US cents at 8am on Tuesday, little changed from 83.60 cents at 5pm on Monday. The currency traded in a relatively narrow …

Equities in Europe advanced as Germany’s central bank said the nation’s economy is showing signs of recovery in the first quarter of the year. “The largely stable labour market and a better outlook for output suggest that the economic weakness won’t last all that long,” according to the Bundesbank in its monthly report released today. The bank forecasts the economy …