NZ dollar falls as coronavirus spreads beyond China

NZ dollar falls as coronavirus spreads beyond China
Jenny Ruth
The spread of the coronavirus from China weighed on the New Zealand dollar although no cases have been reported here yet. The kiwi was trading at 65.90 US cents at 5pm in Wellington, although it had recovered from the day's low at 65.79 cents, compared with 66.07 cents at the same time yesterday. The trade-weighted index was at 72.49 points from 72.45. Chinese officials confirmed 440 cases of coronavirus and nine deaths and there have also been reports of cases in Japan, Thailand, Taiwan, South Korea and Macau. A single case has also been...

More Markets

BHP CEO flies to South Africa to push $65.4 billion takeover
Markets

BHP CEO flies to South Africa to push $65.4 billion takeover

The executives have already begun conversations with key stakeholders.

Rakon shareholder wants light shed on $400m bid
Markets

Rakon shareholder wants light shed on $400m bid

US giant Skyworks could be Rakon's new owner. One shareholder wants it to confirm.

BNZ ekes out gains in market share as 1H deposits and loans lift
Economy

BNZ ekes out gains in market share as 1H deposits and loans lift

The cost-to-income ratio was 36.2% versus 32.5% in the same period a year earlier.