NZ dollar trades below key support level as market digests dovish RBNZ statement
By Jonathan Underhill May 12 (BusinessDesk) - The New Zealand dollar is heading for a 0.5 percent weekly decline, having tumbled yesterday after a 'dovish' Reserve Bank statement and traders said the kiwi could extend its decline if it ends the week below a key support level....
Wellington Airport FY profit rises 29% on passenger, aeronautical income growth
By Jonathan Underhill May 11 (BusinessDesk) - Wellington International Airport, the Infratil-controlled capital city gateway, posted a 29 percent gain in full-year profit on growth in aeronautical and passenger services income. Profit rose to $16.1 million in the 12 months...
NZ dollar gains ahead of RBNZ statement that may point to earlier rate hike
By Jonathan Underhill May 11 (BusinessDesk) - The New Zealand dollar rose ahead of the Reserve Bank's monetary policy statement, which is expected to see the official cash rate kept at 1.75 percent but with an interest rate hike signalled sooner than in its last MPS three mont...
Property Ventures liquidator alleges PWC helped firm skirt insolvency while acting as auditor
By Jonathan Underhill May 10 (BusinessDesk) - PricewaterhouseCoopers advised Property Ventures (PVL) on ways to continue trading when by some accounts it was insolvent while at the same time giving David Henderson's failed property development company a clean bill of health as...
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