NZ dollar falls 0.8% as business pessimism deepens
By Rebecca Howard Aug. 30 (BusinessDesk) - The New Zealand dollar fell 0.8 percent against the greenback after weak business confidence data added to the view the central bank could opt to cut rates. The kiwi traded at 66.54 US cents at 5pm in Wellington from 67.13 US cen...
Rebranded Landcorp pays first dividend in four years
By Rebecca Howard Aug. 30 (BusinessDesk) - State-owned Landcorp Farming has paid its first dividend in four years as earnings rose on increased livestock sales. The Wellington-based company paid a dividend of $5 million, its first since the 2013/14 financial year. Landcorp...
Auckland residential building consents jump 28% as housing demand stays strong
By Rebecca Howard Aug. 30 (BusinessDesk) - Auckland continues to lead the way in construction demand, with residential building consents jumping 28 percent in the year to the end of July outpacing an 8 percent nationwide gain. Across the country, 32,850 permits for new resi...
NZ dollar holds gains on trade optimism; local business confidence in focus
By Rebecca Howard Aug. 29 (BusinessDesk) - The New Zealand dollar held its gains against the greenback as Canada headed back to the bargaining table with the US and Mexico, however, upcoming US and domestic data could knock it off its perch. The kiwi traded at 67.10 US cen...
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