NZ dollar holds up after US Fed's gloomy assessment

Jenny Ruth
Thu, 30 Jul 2020

The New Zealand dollar was steady against the greenback after the US Federal Reserve delivered a gloomy economic assessment and pledged to do all it can to cushion the impact. The kiwi was trading at 66.44 US cents at 5pm in Wellington from 66.50 cents at the same time yesterday while the trade-weighted index was at 72.23 from 72.39. Fed chair Jerome Powell said the US was suffering the most severe economic downturn "in our lifetime" and that "we're not even thinking about thinking about thinking about raising rates." Powell also noted...
Primary Sector
China trade fears unmatched by good alternatives: report
Pattrick Smellie | Wed, 05 Aug 2020

Fears that New Zealand is overly reliant on trading with China ignore that there are few more attractive markets for many of the country's major exports, says a report by economic consultancy Sens...

Listed Companies
SFO-directed raid complicates Spark claim
Victoria Young | Wed, 05 Aug 2020

An accused co-conspirator has complained a Serious Fraud Office-ordered raid on his home has meant he can't comply with disclosure orders in a case brought by Spark New Zealand.  The telco claims t...

Primary Sector
Farmers to get $122m in fertiliser cheques
Brent Melville | Wed, 05 Aug 2020

Fertiliser heavyweights Ballance Agri-Nutrients and Ravensdown have fought their way through the covid-19 response, kicking back rebates of $54 million and $68 million respectively to farmer-sharehold...

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Don’t fear the robots. How software can help your business succeed

New Zealand businesses are on the road to recovery from the economic impact of the Covid-19 crisis but they, like corporates around the world, are having to change their operational practices.