NZ dollar rises on stronger GDP, Aussie jobs, Trump impeachment
The New Zealand dollar rose on positive domestic economic data, better than expected Australian jobs numbers and after the greenback fell on the news of US President Donald Trump being impeached. The kiwi was trading at 65.91 US cents at 5pm in Wellington from 65.73 cents at...
RBNZ critics applaud governance changes, deposit insurance
Some of the Reserve Bank's most prominent critics have welcomed the government's decisions to give the central bank's board real governance powers and to introduce retail deposit insurance.New Zealand is the only OECD country without some form of deposit protection.Massey Univers...
Promisia turns to aged care in $31.3m backdoor listing
Promisia Integrative has thrown in the towel on its dietary supplements business and chosen to become a backdoor listing vehicle for four aged care facilities owned by its major shareholder. Promisia values the proposed transaction at about $31.3 million. "Shareholders will...
Credit Suisse a Xero fan but says stock is expensive
Xero is a "best-in-class growth company" and its move to become a platform for other business-related applications "further moves the goal posts on competition and brings genuine monetisation potential," according to Australia-based broking firm Credit Suisse.Nevertheless, Xero's...
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