NZ dollar gains as new govt spending set to stimulate economy
By Paul McBeth Dec. 15 (BusinessDesk) - The New Zealand dollar gained as investors renewed their appetite for risk-sensitive assets ahead of the US Federal Reserve's policy review on Thursday and after Finance Minister Bill English said he'd give the local economy a bit of a j...
Flat wages, inflation lean on govt books with slimmer tax take
By Paul McBeth Dec. 15 (BusinessDesk) - New Zealand’s tepid inflation and lack of wage growth will lean on the government’s book over the next couple of years with a slimmer tax take than previously thought. The Treasury expects the Crown’s operating balance before gains an...
Regulator lets Chorus raise wholesale copper prices in final determination, won't backdate
By Paul McBeth Dec. 15 (BusinessDesk) - The Commerce Commission will let Chorus charge customers more to access its ageing telecommunications network from the price that's been in place since last year, but won't allow the company to backdate those changes. The regulator t...
NZ dollar falls near 67 US cts as investors weigh likely impact of Fed rate hike
By Paul McBeth Dec. 14 (BusinessDesk) - The New Zealand dollar fell near 67 US cents as investors grow increasingly nervous ahead of the US Federal Reserve's policy review later this week, which is expected to kick off the first tightening cycle in the world's biggest economy...
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