NZ dollar stalled ahead of CPI data; IMF trims global outlook
By Gavin Evans Jan. 22 (BusinessDesk) - The New Zealand dollar was little changed with investors awaiting tomorrow’s local consumer price data for guidance on the future interest rate track here. The kiwi was trading at 67.26 US cents at 8:30am, from 67.23 US cents late yes...
MARKET CLOSE: NZ stocks gain; investors seek value ahead of earnings season
By Gavin Evans Jan. 21 (BusinessDesk) - New Zealand shares rose as investors picked through mixed local and international economic signals to focus on firms likely to do better in a slowing environment. The S&P/NZX 50 index rose 50.86 points, or 0.6 percent, to 9,148.57. Wi...
NZ dollar drifts lower ahead of CPI; China GDP as expected
By Gavin Evans Jan. 21 (BusinessDesk) - The New Zealand dollar drifted lower with slightly weaker Chinese economic data offering few new leads and investors unwilling to make big bets amid mixed views on local consumer price data due on Wednesday. The kiwi was trading at 67...
McCashin's secures option over Veritas stake
By Gavin Evans Jan. 21 (BusinessDesk) - McCashin’s Brewery has acquired an option to buy almost 20 percent of food and beverage investor Veritas Investments at more than twice the recent market price. Interests connected with former Veritas chief executive Michael Morton ha...
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