NZ dollar holds gains ahead of US funding bill, seen losing ground on 'rate-hiking' Fed
By Jonathan Underhill Feb. 9 (BusinessDesk) - The New Zealand dollar held onto some of its gains, having weakened yesterday after the Reserve Bank kept rates on hold as traders await the progress of a bipartisan funding bill in the US to keep the federal government open. Th...
Fletcher's construction business worth $550M in Morningstar model, excluding unknown B+I discount
By Jonathan Underhill Feb. 9 (BusinessDesk) - Any buyer for Fletcher Building's construction division would likely want a discount for losses at its building and interiors (B+I) unit, according to analysts at Morningstar, but the company's existing Spanish partner says it isn'...
NZ dollar gains from 4-week low spurred by 'dovish' RBNZ as US stocks drop, volatility increases
By Jonathan Underhill Feb. 9 (BusinessDesk) - The New Zealand dollar gained from a four-week low reached yesterday in the wake of a Reserve Bank statement seen by some as dovish and traders expect more volatility as US stocks extend their decline and bond yields rose. The k...
O'Connor wants broad review of Fonterra's enabling legislation, sector dynamics
By Jonathan Underhill Feb. 8 (BusinessDesk) - Agriculture Minister Damien O'Connor says putting on hold changes to Fonterra's enabling legislation will allow a broader review of New Zealand's dairy sector and whether it is adding enough value to the nation's biggest export com...
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