NZ dollar hits 4-year low as White House downplays de-listing Chinese firms

NZ dollar hits 4-year low as White House downplays de-listing Chinese firms
Paul McBeth
By Paul McBeth Oct. 1 (BusinessDesk) - The New Zealand dollar hit a four-year low as the greenback was buoyed when concerns over the ongoing US-China trade war were allayed by the White House playing down reports that it was considering de-listing Chinese firms from the US stock exchange.  The kiwi fell as low as 62.50 US cents, and was trading at 62.62 cents at 8am in Wellington from 62.66 cents at 5pm yesterday. The trade-weighted index was at 69.89 from 69.97.  Stocks on Wall Street rose and the greenback remained strong after White...

More Markets

NZ stocks end firmly as outlook brightens
Markets Market Close

NZ stocks end firmly as outlook brightens

Improved, post-results season sentiment drove NZ stocks higher.

The Warehouse Albany and Silverdale could be first in line for store revamp
Retail

The Warehouse Albany and Silverdale could be first in line for store revamp

The Warehouse’s Albany and Silverdale stores could be first in line to undergo an interior revamp, according to chief executive Mark Stirton, who gave an update to shareholders at the company’s annual meeting on Friday.The meeting covered everything from the company’s 2025 financ...

Westpac cops $3.64m penalty for lender responsibility breaches
Finance

Westpac cops $3.64m penalty for lender responsibility breaches

Credit Contracts and Consumer Finance Act in focus again.

New Talisman in trading halt
Markets

New Talisman in trading halt

New Talisman Gold Mines has been placed in a trading halt because of its financial position.The mining company requested the halt, saying the board must meet “to consider the company’s current financial position and its strategic path forward”.“The board cannot reach a conclusion...