NZ dollar rises amid talk of China increasing IP theft penalties

NZ dollar rises amid talk of China increasing IP theft penalties
Jenny Ruth
The New Zealand dollar was stronger after reports that China is looking at how to deal with intellectual property theft, a key demand of the United States in their ongoing trade dispute. The kiwi was trading at 64.19 US cents at 5pm in Wellington from 64.00 at 8am while the trade-weighted index was at 71.13 points from 71.04. Bloomberg reported that China is considering increasing penalties for theft of intellectual property - or IP - as part of a compromise with Washington. "It's still a reasonably tightish range," according to Kiwiba...

More Markets

Volatile stocks drive NZ sharemarket down nearly 0.5%
Markets Market Close

Volatile stocks drive NZ sharemarket down nearly 0.5%

The S&P/NZX 50 Index closed at 12.844.59, declining 60.45 points or 0.47%.

Lyttelton Port result improves but CEO says it's not enough
Infrastructure

Lyttelton Port result improves but CEO says it's not enough

The CEO says Lyttelton Port does not generate sufficient returns on its capital base. 

Sky CFO Ciara McGuigan resigns in surprise departure
Markets

Sky CFO Ciara McGuigan resigns in surprise departure

Embattled broadcaster Sky TV is losing its chief financial officer with immediate effect.The pay-TV operator, facing a barrage of customer anger over poor satellite reception in recent weeks, announced the resignation of Ciara McGuigan on Wednesday.Her departure, effective immedi...

Ex-contractors reveal Harvey Norman business model pressures
Retail Exclusive

Ex-contractors reveal Harvey Norman business model pressures

The promise of big money can require extreme flexibility from ‘proprietors’.