NZ dollar falls as US wages grow faster than expected
By Paul McBeth Nov. 1 (BusinessDesk) - The New Zealand dollar fell as stronger-than-expected US wage growth helped push US bond yields higher, making the greenback more attractive. The kiwi declined to 65.20 US cents as at 8am in Wellington from 65.42 cents yesterday. The...
MARKET CLOSE: NZ shares outperform Australia as ANZ kicks off bank earnings
By Paul McBeth Oct. 31 (BusinessDesk) - New Zealand shares outperformed their Australian counterparts as Australia & New Zealand Banking Group kicked off reporting by the 'four pillars' of the banking sector. The S&P/NZX index advanced 103.93 points, or 1.2 percent, to 8,7...
Pyne Gould will delist in November after minorities back shift to Guernsey
By Paul McBeth Oct. 31 (BusinessDesk) - Pyne Gould Corp will leave the NZX next month after minority investors backed a shift to The International Stock Exchange (TISE) in Guernsey, where the firm is domiciled. Interests associated with managing director George Kerr hold a...
Aotea Finance fined for lending on prohibited items including beds, fridges
By Paul McBeth Oct. 31 (BusinessDesk) - A unit of payday lender Aotea Finance has been fined almost $49,000 and ordered to pay damages of $4,500 for using prohibited items such as beds and fridges as security for its loans. Judge June Jelas sentenced Aotea Finance West Auc...
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