NZ dollar gets lift from US-China trade progress

Rebecca Howard
Fri, 08 Nov 2019

The New Zealand dollar benefited from improving risk appetite as an interim US-China trade deal appeared more likely. The kiwi was trading at 63.63 US cents at 7:50 am in Wellington versus 63.47 cents at 5pm. The trade-weighted index was at 70.05 from 70.02. The global mood improved after China announced that the soon-to-be signed phase one agreement will specify which tariffs will be rolled back as assorted milestones are reached, said Kiwibank senior FX trader Mike Shirley. The news was confirmed by a US official, which added to the imp...
Coronavirus
Southern Cross Travel to shed 45 jobs
Brent Melville | Tue, 02 Jun 2020

Southern Cross Travel Insurance plans to cut half of its remaining workforce in the wake of limited travel under covid-19 restrictions, although the rest of the group remains unscathed. The company...

Markets
MARKET CLOSE: NZ shares soar as investors get FOMO
Dan Brunskill | Tue, 02 Jun 2020

New Zealand shares rose as investors found confidence in the Prime Minister bringing forward a decision about the move to alert level 1. Tourism Holdings and Gentrack led the market higher with double...

Property
Metlifecare seeks shareholder support for action against ex-suitor, EQT
Paul McBeth | Tue, 02 Jun 2020

Metlifecare will seek shareholder support to pursue litigation against its former suitor after the High Court rejected an application that would have preserved a shareholder vote on the teetering $1.5...

SPONSORED
Telcos in lockdown, and beyond

Geoff Thorn, CEO, NZ Telecommunications Forum says modern connectivity was a major benefit during lockdown, so it’s important to ensure long term sustainability of the networks