NZ dollar lifts against euro after ECB postpones out rate hikes
By Rebecca Howard March 8 (BusinessDesk) - The New Zealand dollar lifted against the euro after the European Central Bank pushed out the timing of its first post-crisis rate hike on a softer outlook. The kiwi was trading at 60.24 euro cents at 8am in Wellington from 60 eur...
NZ wholesale trade dips in Dec quarter, could weigh on GDP
By Rebecca Howard March 7 (BusinessDesk) - New Zealand's wholesale trade dipped in the December quarter after strong rises in the prior six months and may lead economists to lower their expectations for economic growth. Seasonally adjusted sales fell 0.1 percent in the thr...
Restaurant Brands lifts full-year sales as expansion bears fruit
By Rebecca Howard Restaurant Brands New Zealand, the subject of a partial takeover offer by Finaccess Capital, lifted its full-year sales as the fast-food operator's expansion to Australia and Hawaii continued to bear fruit. Total sales for the 12 months to Feb. 25 were $7...
NZ dollar higher against Aussie after disappointing Australian GDP
By Rebecca Howard March 7 (BusinessDesk) - The New Zealand dollar was higher against the Australian dollar after disappointing fourth-quarter gross domestic product data across the Tasman. The kiwi traded at 96.38 Australian cents at 8am in Wellington from 96.12 cents at 5p...
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