NZ dollar extends gains vs pound
By Jonathan Underhill June 27 (BusinessDesk) - The New Zealand dollar extended its gains against the pound, reaching a new 2 1/2-year high as financial markets caught up with a full weekend of debate over the ramifications of the Brexit, including the risk that other European...
NZ foreign trust review says disclosure rules 'inadequate', allow illegal activity and should be tightened
By Jonathan Underhill June 27 (BusinessDesk) - New Zealand's foreign trust disclosure rules are inadequate and probably allow illegal activities to go undetected, says a government inquiry by former PwC chairman John Shewan that recommends a significant increase in disclosure...
UPDATE: NZME first trades at 85 cents after NZ media assets spun off from APN
(Recasts first paragraph, adds first trade at 85 cents in second paragraph) By Jonathan Underhill June 27 (BusinessDesk) - NZME shares debuted on the NZX at 85 cents, the bid price, after holders dropped their ask price from $1.05 to meet a market questioning the valuation...
NZ sheepmeat, tourism may be hardest hit by Brexit as pound weakens, market volatility jumps
By Jonathan Underhill June 27 (BusinessDesk) - New Zealand's sheepmeat exports and tourists from the UK may be the hardest hit from the Brexit with the most immediate impact likely to be on British tourists suddenly finding the spending power of the pound against the kiwi is t...
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