NZ dollar softens after weak Chinese PPI
By Jenny Ruth Jan. 10 (BusinessDesk) - The New Zealand dollar softened slightly after technical factors kept a cap on the upside and after weaker than expected producer pricing data in China. The New Zealand dollar eased to 67.87 US cents at 5pm in Wellington from 67.99 at...
Turners says used car demand strong despite December downturn
By Jenny Ruth Jan. 10 (BusinessDesk) - Turners Automotive Group says a lack of used car imports from Japan has meant total used car sales in December were down 6 percent on the same month of 2017. Registrations of used cars imported from overseas fell a much greater 21.6 pe...
NZ dollar gains amid rising optimism for US-China trade pact
By Jenny Ruth Jan. 9 (BusinessDesk) - Financial markets have taken the fact that the US-China trade talks in Beijing carried on into a third unscheduled day as a positive, boosting the fortunes of riskier assets including the New Zealand dollar. The kiwi was trading at 67.5...
World Bank sees "Darkening Skies" in 2019
By Jenny Ruth Jan. 9 (BusinessDesk) - The World Bank is predicting global growth will slow this year due to headwinds that include tightening financing conditions, moderating industrial production and intensifying trade tensions. In its semi-annual report on the outlook for...
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