NZ dollar lifts as volatility subsidies, underpinning gains on Asian stock markets
By Rebecca Howard Feb. 12 (BusinessDesk) - The New Zealand dollar gained with Asian equity markets as last week's volatility subsided and after upbeat domestic consumer spending data. The kiwi rose to 72.68 US cents as at 5pm in Wellington from 72.42 cents as at 8am and 72...
QEX Logistics to list on NXT Market on Feb. 15
By Rebecca Howard Feb. 12 (BusinessDesk) - QEX Logistics, a cross-border logistics company, will debut on the NXT market on Feb. 15, aims to eventually list on the NZX and continues to eye expansion in Australia. The Auckland-based company, which facilitates the storage, s...
NZ 'housing market crisis' more entrenched as costs outstrip income gains: govt report
By Rebecca Howard Feb. 12 (BusinessDesk) - New Zealand's housing crisis is "deeper and more entrenched" and an inadequate supply of new houses means both the cost of homeownership and renting is increasingly unaffordable, according to a government-commissioned report. "Fix...
Property For Industry annual profit more than halves on management contract buy-out
By Rebecca Howard Feb. 12 (BusinessDesk) - Property For Industry annual profit more than halved as the listed industrial property investor bore the cost of buying out its management contract and reaped a smaller fair value gain on investment properties. Net profit dropped...
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