Wynyard extends trading halt until next week, seeks to tap facility for working capital
By Jonathan Underhill Oct. 20 (BusinessDesk) - Wynyard Group, the intelligence software developer, is looking into how it can tap a stand-by loan facility agreed in August with major shareholder Skipton Building Society, saying it needs the funds for working capital. Auckl...
NZ dollar rises to two-week high on improved risk sentiment, stronger commodities
By Jonathan Underhill Oct. 20 (BusinessDesk) - The New Zealand dollar rose to a two-week high as gains in equity markets and commodities such as crude oil helped underpin currencies linked to global growth such as the kiwi and the Australian dollar. The kiwi rose to 72.28 U...
NZ dollar rises above 72 US cents amid early signs inflation may be stirring
By Jonathan Underhill Oct. 19 (BusinessDesk) - The New Zealand dollar rose above 72 US cents for the first time in two weeks as stronger-than-expected inflation figures at home and in the UK stoked speculation the era of ultra-low price increases may be ending. The local cu...
NZ Super Fund seeks to put a market price on climate change with new risk rules
By Jonathan Underhill Oct. 19 (BusinessDesk) - The New Zealand Superannuation Fund says it will devise a set of rules to assess investment winners and losers under climate change, a strategy that could rule out fossil fuels or producers such as current portfolio member Exxon M...
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