CORRECT: Westpac keeps core government transactions contract, other banks get peripheral services
(Fixes govt savings in 4th graph) By Paul McBeth Oct. 5 (BusinessDesk) - The local arm of Westpac Banking Corp has kept its contract with the New Zealand government to provide core transactions, but will have to share peripheral services with its rivals. Finance Minister...
NZ dollar gains as traders digest weak US employment numbers
By Paul McBeth Oct. 5 (BusinessDesk) - The New Zealand dollar gained in local trading as investors weighed up the impact of weaker-than-expected US employment figures and what that means for the Federal Reserve's track to raise interest rates. The kiwi traded at 64.65 US ce...
NZ govt science plan seeks to double private sector R&D by 2025
By Paul McBeth Oct. 5 (BusinessDesk) - The government is ready to spend more on direct research grants to businesses to meet an "aspirational" target of doubling private sector research and development spending over the next 10 years, despite feedback from the business communi...
NZX share trading value climbs 22% in September as NZX 50 rounds out weak quarter
By Paul McBeth Oct. 5 (BusinessDesk) - The value of share trading on New Zealand's stock exchange climbed 23 percent in September, rounding out a quarter when the benchmark S&P/NZX 50 index posted its biggest three-month decline in more than three years. The total value of...
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