New Zealand food prices rose in April, snapping two declines, as eggs and dairy products lifted grocery bills in the month, though inflation remained contained as the strong kiwi dollar kept a lid on imported prices. The food price index advanced 0.6 percent in April following a 0.3 percent fall in March, according to Statistics New Zealand. Food prices increased …

The opposition Green Party has fleshed out a proposal to set up a government-backed investment bank backing ‘green capital’ projects, which it would fund by hiking tax rates on oil companies by more than half. Co-leader Russel Norman today announced his party’s green investment bank policy, which would look to drive greater investment in the clean-tech sector, at a cost …

Infratil, the energy, airport and transport investor, posted a 5.3 percent drop in pretax earnings, meeting guidance, on a weaker contribution from Trustpower and Infratil Energy Australia Group. The company reiterated earnings will grow in 2015. Earnings before interest, tax, depreciation, amortisation and fair value movements were $500 million in the year ended March 31, down from $528 million a year …