NZ Super Fund to invest US$115M in North American data centres
By Rebecca Howard April 12 (BusinessDesk) - New Zealand's $41 billion Superannuation Fund will invest up to US$115 million in North American data centres as it seeks to capitalise on the growing demand for data infrastructure. The investment is being made alongside vehicle...
NZD falls after Orr says next rate decision not clear; US labour data strong
By Rebecca Howard April 12 (BusinessDesk) - The New Zealand dollar fell against the greenback after the central bank governor kept the door open for a May rate cut and as strong US labour market data eased fears of a possible slowdown in the economy there. The kiwi was tra...
NZ annual food prices lift 1.2% in March
By Rebecca Howard April 11 (BusinessDesk) - New Zealand's March food prices rose 1.2 percent versus the same month a year earlier, pushed higher by grocery foods, non-alcoholic beverages and restaurant and ready-to-eat food. Meat, poultry and fish prices rose 0.9 percent on...
NZD dollar tad higher after Fed minutes, mild US inflation
By Rebecca Howard April 11 (BusinessDesk) - The New Zealand dollar firmed against the US dollar after minutes from the latest Federal Reserve policy meeting underscored the US central bank will remain patient when it comes to any change in interest rates. The kiwi was trad...
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