NZ dollar unmoved by Powell, Robertson or business confidence

Jenny Ruth
Tue, 30 Jun 2020

The New Zealand dollar was unmoved by comments from Federal Reserve chair Jerome Powell or NZ Finance Minister Grant Robertson or by the latest survey showing business confidence - while negative - is improving. The kiwi was trading at 64.21 US cents at 5pm in Wellington from 64.25 cents at the same time yesterday while the trade-weighted index was at 71.20 from 71.24. In written testimony prepared for the House Financial Services Committee, which Powell will appear before overnight NZ time, the Fed chair stressed the importance of keepin...
PATTRICK SMELLIE: What do the Nats do now?
Pattrick Smellie | Tue, 14 Jul 2020

Todd Muller's only job as National Party leader was to lose the election better than it seemed Simon Bridges was destined to do. Whoever replaces Muller has an even simpler task: save as much of th...

Listed Companies
Huljich family sells 25% of Pushpay stake
Dan Brunskill | Tue, 14 Jul 2020

The Huljich family has sold a quarter of its cornerstone stake in Pushpay Holdings, one of the rising software company stars. The 14.4 million shares were sold for $123.8 million, or $8.60 per shar...

Housing market rebounds sharply; caution required
Jenny Ruth | Tue, 14 Jul 2020

The housing market bounded out of lockdown last month with sales volumes the highest for June in four years and prices nationally up 8.6 percent from a year earlier. The Real Estate Institute's lat...

The role of private equity in the wake of COVID-19

As local covid-19 restrictions ease, a new business cycle is beginning in New Zealand.