NZX cash market activity rises in March as debt market turnover doubles
By Paul McBeth April 5 (BusinessDesk) - Cash market trades on the NZX climbed by almost a third in March from a year earlier as share trading remained robust on investor demand for yield while turnover in the bond market more than doubled. Total cash rates rose 32 percent...
NZ dollar slips as Australian retail sales miss expectations
By Paul McBeth April 4 (BusinessDesk) - The New Zealand dollar fell in tandem with its trans-Tasman counterpart after flat Australian retail sales fell short of expectations and eroded demand for both currencies. The kiwi slipped to 68.76 US cents at 5pm in Wellington from...
No class exemption for international custodians, OIO says
By Paul McBeth April 4 (BusinessDesk) - The Overseas Investment Office can't issue a class exemption for foreign-owned custodian firms, even if they hold shares for a majority of locals. The unit of Land Information New Zealand which assesses foreign investment has always...
Vista buys 50% stake in UK film marketing firm Powster for undisclosed sum
By Paul McBeth April 4 (BusinessDesk) - Vista Group International, the cinema software and analytics firm, has bought a 50 percent stake in UK-based movie marketing company Powster for an undisclosed sum. The deal was effective from March 31, and while the terms are confid...
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