NZ dollar gains as Fed's Brainard warns against hiking US rates too early
By Paul McBeth Sept. 13 (BusinessDesk) - The New Zealand dollar gained after Federal Reserve governor Lael Brainard warned against hiking interest rates too early, citing tepid inflation and a slack labour market, which cooled speculation the US central bank may be poised to t...
NZ dollar falls as Fed speakers reignite rate hike speculation
By Paul McBeth Sept. 12 (BusinessDesk) - The New Zealand dollar fell as the run of Federal Reserve officials speaking ahead of next week's policy review has investors pondering the prospects of an early interest rate hike by the world's biggest central bank. The kiwi trade...
AA Insurance reintroduces full home replacement cover for fire, flood and storm damage
By Paul McBeth Sept. 12 (BusinessDesk) - AA Insurance, which is owned Australia's Suncorp Group and the New Zealand Automobile Association, has reintroduced full replacement home cover events such as fires, floods and storms, but shied away from including natural disasters whi...
Fairfax NZ valued at $122.2 mln in NZME merger deal
By Paul McBeth Sept. 9 (BusinessDesk) - Fairfax Media's New Zealand assets have been valued at $122.2 million in the proposed merger with local publishing rival NZME. The companies this week said Auckland-based NZME will pay Sydney-based Fairfax $55 million in cash and iss...
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