Economy
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Markets
NZ dollar weakens despite positive trade war noises
By Jenny Ruth Aug. 27 (BusinessDesk) - The New Zealand dollar fell despite signs China wants to renew trade talks with the US and despite Reserve Bank of Australia deputy governor Guy Debelle trying to talk the Australian dollar down. The kiwi was trading at 63.65 US cents...
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Services
Tourism Holdings focused on US turnaround
By Rebecca Howard Aug. 27 (BusinessDesk) - Tourism Holdings expects tough US market conditions to spill over into this year but said things remain positive in Australia and New Zealand despite "uncertain" economic conditions. The largest issue for the year was the signific...
Markets
NZ dollar firms on improving risk appetite as US-China trade worries ease
By Rebecca Howard Aug. 27 (BusinessDesk) - The New Zealand dollar found some support after risk appetite got a lift when US President Donald Trump talked up the prospects of a trade deal with China. The kiwi was trading at 63.83 US cents at 7:55 am versus 63.75 US cents at...
Primary Sector
Lumpy imports drive bigger July trade deficit than expected
By Rebecca Howard Aug. 26 (BusinessDesk) - New Zealand posted a much wider trade deficit than expected of $685 million in July but economists aren't fazed, saying it was skewed by lumpy imports. Economists polled by Bloomberg had expected a monthly deficit of $254 million a...
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Pattrick Smellie
Founding Editor
Pattrick was judged New Zealand's best overall columnist and business columnist of the year at the Voyager 2021 Media Awards. He has more than 35 years’ experience reporting and working in New Zealand politics and the commercial sector. A former Press Gallery chairman, he is an award-winning journalist and has worked for titles including The Dominion, The Press, Sunday Star-Times and National Business Review. He was the first NZ correspondent for The Australian and co-founded BusinessDesk in 2008.
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