UPDATE: NZ dollar jumps on strong labour data, might spur a rethink at central bank
By Rebecca Howard Nov. 7 (BusinessDesk) - The New Zealand dollar jumped 1 percent on stronger-than-expected September quarter jobs data that has economists now wondering whether the central bank will ditch talk of the possibility of an interest rate cut when it releases its la...
NZ unemployment rate tumbles to decade-low 3.9%
By Rebecca Howard Nov. 7 (BusinessDesk) - New Zealand’s jobless rate unexpectedly tumbled to its lowest level in a decade in the September quarter as the labour market remains tight. The New Zealand dollar rose. The seasonally adjusted unemployment rate fell to 3.9 percent...
Goodman Property Trust reports a 47% lift in 1H pre-tax profit
By Rebecca Howard Nov. 7 (BusinessDesk) - Goodman Property Trust reported a 47 percent lift in first-half pre-tax profit as it benefited from fair value gains on investment properties. Goodman reported a statutory profit of $66.4 million before tax in the six months to Sep...
MARKET CLOSE: NZ stocks tick higher as offshore moves lift sentiment
By Rebecca Howard Nov. 6 (BusinessDesk) - New Zealand shares ticked up, supported by overnight gains on Wall Street and positive trading in Australia. A2 Milk Co and Synlait Milk rose. The S&P/NZX 50 index rose 37.64 points, or 0.4 percent, to 8,816.42. Within the index, 2...
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