NZ economy grows 0.9% in June quarter as building, housing market stoke activity
By Paul McBeth Sept. 15 (BusinessDesk) - New Zealand's economy grew at a slower-than-expected pace in the June quarter, partly reflecting an upward revision in the first quarter as the nation's massive pipeline of building activity and booming housing market continued to under...
Government funding of Auckland rail link eases council's funding pressures, LGFA says
By Paul McBeth Sept. 14 (BusinessDesk) - The government's agreement to pay for half of Auckland city's proposed 3.4 kilometre inner city rail link will help ease the city's funding pressures, the Local Government Funding Agency says. Central government and the council toda...
NZ dollar gains after Fed's Brainaird cools US rate hike expectations
By Paul McBeth Sept. 13 (BusinessDesk) - The New Zealand dollar gained after Federal Reserve governor Lael Brainard cooled expectations for a US rate hike next week, while the domestic economy continues to stoke demand for the kiwi. The local currency traded at 73.39 US ce...
Jade Software targets early return to profit as logistics outlook improves
By Paul McBeth Sept. 13 (BusinessDesk) - Jade Software expects to return to profitability ahead of its target of late 2017 as customers show renewed vigor in buying the software developer's port management software. The Christchurch-based company's logistics business - whi...
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