North Queensland Airport Group, which is a quarter owned by Auckland International Airport, has refinanced A$587 million of maturing bank facilities, including A$88 million for future capital expenditure needs. North Queensland Airport, which owns and operates Cairns and Mackay Airports, has refinanced its existing three and five year facilities, the Cairns-based group said in a statement. “Auckland Airport welcomes the …

The New Zealand dollar weakened following a volatile day after the Federal Reserve said it would start tapering its asset purchase programme while local data continued to point to a strengthening economy which will push up interest rates next year. The kiwi slipped to 81.73 US cents at 8am in Wellington, from 81.81 cents at 5pm yesterday and has traded …

The High Court has brushed aside a Greenpeace challenge to the way the Environmental Protection Authority treated Texan oil company Anadarko’s application to drill exploration wells in deep water off Taranaki and South Canterbury. But Justice Alan Mackenzie describes the decision as being made on narrow grounds. Anadarko would have faced greater public and regulatory scrutiny but for the fact …