NZ dollar TWI climbs to new 13-month high as high yields attract investors
By Paul McBeth July 5 (BusinessDesk) - The New Zealand dollar rose to a new 13-month high on a trade-weighted basis as the relatively high yield on offer continues to attract investors wary of low interest rates persisting for longer than expected. The trade-weighted index...
NZ dollar slips from year-high vs. Aussie as ratings agencies play down risk of hung parliament
By Paul McBeth July 4 (BusinessDesk) - The New Zealand dollar slipped from a year-high against its trans-Tasman counterpart after ratings agencies downplayed the threat a hung parliament would have on Australia's triple-A credit rating. The kiwi traded at 95.83 Australian...
RESEND: Cameron Partners to examine funding options for ContainerCo
(Fixes description of company in 1st paragraph) By Paul McBeth July 4 (BusinessDesk) - ContainerCo (NZL), the container depot operator, has hired investment bankers Cameron Partners for advice on how to fund expansion as shipping volumes grow. Auckland-based ContainerCo...
Treasury says Brexit might crimp spending on 2017 Lions tour
By Paul McBeth July 4 (BusinessDesk) - The Treasury doesn't expect New Zealand's economy will be stressed by the UK public's decision to quit the European Union in the short-term, although visiting Britons during next year's Lions rugby tour may tighten their belts due to the...
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