NZ dollar eases on technical factors, buoyed by higher dairy prices
The New Zealand dollar fell slightly after failing to break through technical resistance after the fifth successive increase in the main Global Dairy Trade auction price. The kiwi was trading at 64.18 US cents at 5pm in Wellington from 64.26 at 8am while the trade-weighted ind...
RBNZ eyes Westpac Australia money laundering failures
The Reserve Bank says it is looking closely at the Australian financial crimes regulator's allegation that Westpac Banking Corp has engaged in widespread, systemic and frequent failures to adhere to laws combatting money laundering and terrorism financing.RBNZ deputy governor and...
Heritage buys Golden Healthcare; not mystery Metlife suitor
Heritage Lifecare has bought the Golden Healthcare Group in Christchurch for an undisclosed sum to make it New Zealand's third-largest aged care provider.The acquisition brings seven new aged care homes and two adjoining villages into the Heritage portfolio, taking Heritage's tot...
Precinct eyes new developments as Commercial Bay keeps to revised schedule
Precinct Properties New Zealand says it is looking at future developments including at One Queen Street, the next stages at Wynyard Quarter, both in Auckland, and the Bowen Campus in Wellington. "One Queen Street is now in the detailed design phase. Construction remains on sch...
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