NZ dollar heads for 3.2% weekly gain as Yellen takes sheen off greenback
By Paul McBeth April 1 (BusinessDesk) - The New Zealand dollar is heading for a 3.2 percent weekly gain against the greenback after US Federal Reserve chair Janet Yellen's cautious outlook on the US economy saw investors dial back expectations for a rise in US interest rates a...
OIO rejects poor quality applications, beefs up team to speed up process
By Paul McBeth April 1 (BusinessDesk) - The Overseas Investment Office, the unit of Land Information New Zealand that assesses foreign investment, is taking a harder line in rejecting applications that need more work and has expanded its team in an effort to speed up the proce...
Tegel looks to raise up to $344.4M in New Zealand's first IPO for the year
By Paul McBeth April 1 (BusinessDesk) - Tegel Group Holdings, the poultry group controlled by private equity firm Affinity Equity Partners, wants to raise as much as $344.4 million in New Zealand's first initial public offering of the year for the NZX mainboard. The Auckla...
NZ dollar may extend rally as Yellen's caution keeps investors wary on greenback
By Paul McBeth March 31 (BusinessDesk) - The New Zealand dollar may extend its gain after touching a nine-month high after Federal Reserve chair Janet Yellen's caution over the path of future interest rate increases keeps investors wary about holding the greenback. The kiw...
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