NZ dollar dips as better than expected US data keeps investors upbeat on Fed rate hike
By Paul McBeth Oct. 6 (BusinessDesk) - The New Zealand dollar dipped as another upbeat US economic report kept investors optimistic the Federal Reserve will raise interest rates before the end of the year, stoking demand for the greenback. The kiwi declined to 71.69 US cen...
NZ dollar drops to seven-week low on weaker dairy prices, speculation ECB may start slowing QE
By Paul McBeth Oct. 5 (BusinessDesk) - The New Zealand dollar fell to a seven-week low as weaker prices at the latest GlobalDairyTrade auction weighed on the outlook for the country's biggest export commodity, and on speculation the European Central Bank may start unwinding it...
Trustpower demerger on hold after South Australian storm damages transmission system
By Paul McBeth Oct. 5 (BusinessDesk) - Trustpower has delayed its plans to carve out its windfarms and renewable development pipeline into a standalone business after a once-in-50-year storm caused significant damage to the state's transmission system. The Tauranga-based c...
KiwiSaver management fees climb 28% in 2016 as more members switch to active schemes
By Paul McBeth Oct. 5 (BusinessDesk) - KiwiSaver investment management fees climbed 28 percent in the March 2016 year, outpacing the growth in funds under management as a rising number of members switched to more active schemes in a year when returns reduced. Investment ma...
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