NZ dollar rally may slow as upcoming Chinese data keeps outlook murky
By Paul McBeth July 11 (BusinessDesk) - The New Zealand dollar's run to a 14-month high may take a breather this week as investors hold off from taking firm positions ahead of Chinese economic data due at the end of the week. The kiwi traded at 72.78 US cents at 5pm in Wel...
Westpac NZ trims interest-only loan terms to 5 years
By Paul McBeth July 11 (BusinessDesk) - Westpac Banking Corp's New Zealand unit is cutting interest-only lending terms to a maximum of five years, in a market where investors are the driving force. Interest-only loans are often used by property investors who meet the inter...
China's Golden Wing Mau buys 19.99% of T&G Global
By Paul McBeth July 11 (BusinessDesk) - Chinese fruit exporter Golden Wing Mau Agricultural Produce has built up a 19.99 percent stake in T&G Global, paying an 18 percent premium to make it the second biggest shareholder in the local company. Golden Wing paid $2.95 a share...
GeoOp shares jump 11% after annual revenue beats merger document forecast
By Paul McBeth July 11 (BusinessDesk) - GeoOp's NZAX-listed shares climbed 11 percent after the management app developer said annual revenue beat forecast. Annual revenue rose to $4.58 million in the year ended June 30, ahead of the $4.54 million projected in an independen...
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