The cancellation of a two day strike at the Marsden Point oil refinery next week has left the country’s four main oil companies with an unwanted 50 million litre emergency shipment of aviation fuel that set sail from South Korea at the weekend. Z Energy, BP, Mobil and Chevron (owner of the Caltex brand), acting in concert as the Customer Supply Group, sourced …

New Zealand shares rose as a weaker kiwi dollar attracted investors to stocks with currency exposure such as Fletcher Building and Fisher & Paykel Healthcare. Meridian Energy extended its fall from a record. The NZX 50 Index increased 6.019 points, or 0.1 percent, to 5259.507. Within the index, 22 stocks rose, 19 fell and nine were unchanged. Turnover was a lighter-than-usual $80.7 million. The kiwi …

New Zealand shares fell, as the NZX 50 Index dropped from a record in a global sell off as investors took the opportunity to crystallise the bourse’s gains. Meridian Energy snapped six days of gains as it shed rights to its dividend. Spark New Zealand and Fletcher Building paced the decline. The NZX 50 Index fell 24.373 points, or 0.5 percent, to …