NZ dollar dips from 2-month high as weak US wages weigh on greenback
By Paul McBeth March 7 (BusinessDesk) - The New Zealand dollar slipped from a two-month high as falling US wages weighed on the greenback and a recovery in investor confidence stoked demand for risk-sensitive assets such as the kiwi. The local currency dipped to 67.94 US c...
No evidence of collusion in foreign exchange markets, ComCom finds
By Paul McBeth March 7 (BusinessDesk) - The Commerce Commission has finished looking into potential collusion among New Zealand's foreign exchange traders without unearthing any evidence that would warrant enforcement. The Wellington-based regulator launched an investigati...
No clowning around in government's first TPP roadshow
By Fiona Rotherham March 7 (BusinessDesk) - The first of the government's 16 roadshows and huis around the country explaining detail on the Trans Pacific Partnership agreement has kicked off in Auckland with four protesters dressed as clowns being ousted from a meeting while f...
NZ wholesale trade dips in fourth quarter on decline in basic material products
By Paul McBeth March 7 (BusinessDesk) - New Zealand wholesale trade dipped in the final three months of 2015 as a drop in sales of basic material products, such as metals, minerals and agriculture, helped snap two quarters of gains. Seasonally adjusted sales fell 0.2 perce...
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