NZ economy grows faster-than-forecast 0.9% in 4th quarter on business services, retail; kiwi jumps
By Paul McBeth March 17 (BusinessDesk) - New Zealand's economy grew at a faster pace than expected in the final three months of 2015 on increased activity in business services, a boost in retail and accommodation spending, and renewed construction activity. The kiwi dollar jum...
NZ dollar holds near two-week low ahead of FOMC meeting, GDP data
By Paul McBeth March 16 (BusinessDesk) - The New Zealand dollar held near a two-week low ahead of the Federal Reserve's latest policy review and local figures on fourth-quarter economic growth. The kiwi traded at 66.01 US cents at 5pm in Wellington, near the 65.82 cents le...
RAM investor McIntosh allowed to keep principal, not fictitious profits: Appeal Court
By Paul McBeth March 16 (BusinessDesk) - The Court of Appeal will let Ross Asset Management investor Hamish McIntosh keep the $500,000 he managed to extract from the Ponzi scheme before its failure, but not the fictitious profits he earned. Justices Rhys Harrison, Christin...
NZ banks strong enough to withstand prolonged weakness in dairy prices: RBNZ
By Paul McBeth March 16 (BusinessDesk) - ASB Bank, ANZ Bank New Zealand, Bank of New Zealand, Westpac New Zealand and Rabobank New Zealand - which account for about 98 percent of lending to dairy farmers - are strong enough to withstand a protracted period of low dairy prices,...
Prev
