SkyCity international boss's exit costs him $700,000 in forfeited shares
By Edwin Mitson Jan. 10 (BusinessDesk) - SkyCity Entertainment Group's former President of International Business, Ejaaz Dean, forfeited the right to 177,500 shares through the company's long-term incentive plan for executives when he left last year, documents published by the...
NZ dollar stays below 70 US cents, traders suggest range of 67-72 cents in coming months
By Edwin Mitson Jan. 9 (BusinessDesk) - The New Zealand dollar remained below 70 US cents in trading on Monday, with dealers suggesting the local currency would likely trade between 67 and 72 US cents over the coming months, well below the levels achieved in 2016. The kiwi...
NZ dollar hits 2-week high on US dollar sell-off in Asia
By Edwin Mitson Jan. 5 (BusinessDesk) - The New Zealand dollar rose to a two-week high, lifted by widespread selling of the US dollar and the biggest rally in the value of the Chinese yuan in a year. The kiwi gained to 69.89 US cents at 5 pm in Wellington from 69.56 US cen...
NZ dollar continues decline against greenback on dairy price fall
By Edwin Mitson Jan. 4 (BusinessDesk) - The New Zealand dollar has continued to fall against the greenback, trading below 69 US cents off the back of the biggest drop in dairy prices in three months. The Global Dairy Trade price index fell 3.9 percent overnight, while whol...
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