NZ dollar rises against Aussie after tepid wage data across Tasman
By Rebecca Howard Nov. 15 (BusinessDesk) - The New Zealand dollar rose against the Aussie dollar after Australian wages accelerated by less than expected in the third quarter, despite a lift in the minimum wage. The kiwi was trading at 90.56 Australian cents as at 5pm in We...
Living Cell Technologies to hold board strategy meeting in December
By Rebecca Howard Nov. 15 (BusinessDesk) - Living Cell Technologies will continue to evaluate data from its recent clinical trial before holding a board strategy meeting in December, chief executive Ken Taylor told shareholders at the annual general meeting. Earlier this we...
NZ house sale slump eases in October as drop in turnover slows
By Rebecca Howard Nov. 15 (BusinessDesk) - New Zealand's housing market perked up last month as sales volumes fell at a slower pace, having slumped in the lead-up to the September general election. A total of 5,689 properties were sold across the country in October versus...
NZ dollar falls vs Aussie as Australian business conditions hit record high
By Rebecca Howard Nov. 14 (BusinessDesk) - The New Zealand dollar fell versus the Aussie after a bank survey showed Australian business conditions jumped to a record high last month and amid talk that a $2.2 billion option on the cross rate is set to expire this week. The N...