NZ dollar rises on Hong Kong, US-China trade developments

NZ dollar rises on Hong Kong, US-China trade developments
Jenny Ruth
By Jenny Ruth Sept. 5 (BusinessDesk) - The New Zealand dollar rose after Hong Kong’s government formally killed the extradition bill that sparked massive protests since June. It received a further fillip when the US and China agreed to resume high-level trade talks. The kiwi was trading at 63.71 US cents at 5pm in Wellington from 63.59 at 8am. The trade-weighted index was at 70.96 points from 70.92. Hong Kong leader Carrie Lam has withdrawn the bill that would have allowed the transfer of fugitives to mainland China. “Initially, we...

More Policy

Kinleith paper operations to close, loss of 230 jobs
Primary Sector

Kinleith paper operations to close, loss of 230 jobs

Minister Shane Jones says the closure is evidence of de-industrialisation.

PM's summit hastens new overseas investor regime
Policy

PM's summit hastens new overseas investor regime

Cabinet has agreed to liberalise the foreign investor regime in time for a March summit.

Pattrick Smellie 12 Feb 2025
What wealthy global investors really want
Policy

What wealthy global investors really want

The two things high-net-worth advisers say ‘should be gone by lunchtime’.

Red carpet for foreign investors at March summit
Policy

Red carpet for foreign investors at March summit

The summit will showcase NZ infrastructure investment opportunities.

Pattrick Smellie 10 Feb 2025