NZ dollar holds gains as positive yields attract increasingly nervous investors
By Paul McBeth Feb. 10 (BusinessDesk) - The New Zealand dollar held on to most of its gains in the local trading session as the country's positive yields attracted investors struggling to find actual returns, while they become increasingly nervous about the prospects for globa...
Housing NZ directors get 63% pay hike after boardroom shuffle
By Paul McBeth Feb. 10 (BusinessDesk) - Low pay was among the reasons for a rapid turnover in Housing New Zealand's boardroom in recent years, and the government's social housing agency has bumped up its fees by 63 percent after getting an exemption from the State Services Com...
Wynyard signs $2.8 mln three-year deal with state policing agency
By Paul McBeth Feb. 10 (BusinessDesk) - Wynyard Group, whose shareholders will vote next week on giving the board more freedom to issue shares, has signed a $2.8 million deal to provide its intelligence software services to a state policing agency. The three-year contract...
NZ dollar drops as heightened credit fears weigh on risk appetite
By Paul McBeth Feb. 9 (BusinessDesk) - The New Zealand dollar fell as investors grew increasingly wary of corporate credit risk, sapping their appetite for risk-sensitive assets such as the kiwi. The local currency fell to 65.89 US cents at 5pm in Wellington from 66.35 cen...
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