NZ residential building consents buoyed by strong Auckland market in August
By Paul McBeth Sept. 28 (BusinessDesk) - New Zealand residential building consents snapped two months of declines in August as growing intentions in Auckland buoyed the national market. Seasonally adjusted consents rose 7.8 percent to 2,713 last month, reversing an 11 perc...
NZ consumer confidence treads water as outlook perks up
By Paul McBeth Sept. 28 (BusinessDesk) - New Zealand consumers were still in reasonable heart this month as concerns about the economic outlook subsided. The ANZ Roy Morgan consumer confidence index was unchanged at 117.6 in September, holding around its long-run average....
Torchlight investors abused process in wind-up attempt, Caymans court rules
By Paul McBeth Sept. 28 (BusinessDesk) - The Cayman Islands Grand Court has found investors in the Torchlight fund abused the process in trying to wind up the distressed asset vehicle linked to Pyne Gould Corp. Government agencies Accident Compensation Corp and Crown Asset...
NZ dollar falls as Fed rate hike, Italian debt debate boost greenback
By Paul McBeth Sept. 28 (BusinessDesk) - The New Zealand dollar fell against a stronger greenback as higher US interest rates and an upcoming debate on Italy's fiscal health buoyed the world's reserve currency. The kiwi declined to 66.14 US cents from 66.54 cents yesterday...
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