AMP Capital NZ stays neutral on stocks, listed property, overweight on cash, foreign exchange
By Jonathan Underhill Jan. 30 (BusinessDesk) - AMP Capital New Zealand, which manages more than $18 billion of assets, remains neutral on stocks as equity benchmarks chart record highs, preferring to hold more cash, foreign currencies and alternative growth assets. The fund...
IRD says anti-BEPS bill may stoke sales booked in NZ, avoids comment on Apple
By Jonathan Underhill Jan. 29 (BusinessDesk) - Apple Sales New Zealand, the local unit of the iPhone and iPad maker, tripled its profit last year as revenue growth outpaced cost of sales but there's a question mark over how much tax it paid locally because most of Apple Inc's...
NZ dollar falls as greenback, bond yields rise, Americans spend more
By Jonathan Underhill Jan. 30 (BusinessDesk) - The New Zealand dollar fell against a broadly stronger greenback and rising bond yields on growing conviction the Federal Reserve will keep hiking interest rates. The kiwi dropped to 73.15 US cents as at 8am in Wellington from ...
NZ dollar steady as Trump comes into focus, any gains may be capped this week
By Jonathan Underhill Jan. 29 (BusinessDesk) - The New Zealand dollar was little changed ahead of US President Donald Trump's first State of the Union address this week, which may clarify the administration's view on the greenback and include currency-stoking comments on his l...
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