NZ dollar steady after upbeat RBA forecasts but coronavirus casts a pall

Tue, 04 Feb 2020

The New Zealand dollar was little changed, hoisted up from its lows after the Reserve Bank of Australia came out with surprisingly strong GDP forecasts. However, the market remains consumed with ongoing concern about the economic impact of government efforts to try to contain the coronavirus and, in New Zealand's case, prevent it from arriving on these shores. The kiwi was trading at 64.61 US cents at 5pm in Wellington from 64.63 at the same time yesterday while the trade-weighted index was at 71.58 points from 71.65. The currency had bee...

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Economy

Penk announces compulsory building warranties

Under the proposed change, those responsible pay their share only.

Staff reporters 12:20pm

Markets

Another solar farm gets the nod from Genesis

Genesis Energy has approved the construction of the Edgecumbe Solar Farm in the Bay of Plenty, marking its second major solar commitment in as many months.The company made a final investment decision (FID) on the 136 megawatt peak (MWp) farm, clearing the way for work to begin sh...

Ian Llewellyn 9:40am