NZ dollar heads for 0.8% weekly fall on China-US trade concerns, US jobs data in focus
By Rebecca Howard Aug. 3 (BusinessDesk) - The New Zealand dollar is heading for a 0.8 percent weekly fall against the greenback as heightened global trade concerns weigh on the prospects for domestic exports, and ahead of US jobs data. The kiwi traded at 67.32 US cents as a...
RBNZ's Orr to stand pat as he navigates growth-inflation tightrope
By Rebecca Howard Aug. 2 (BusinessDesk) - Reserve Bank governor Adrian Orr is widely expected to keep interest rates on hold at next week's review and continue to indicate the next move could be up or down as he walks a tightrope between slowing growth and emerging inflation. ...
AFT Pharmaceuticals expects to break even this year despite launch delays
By Rebecca Howard Aug. 3 (BusinessDesk) - AFT Pharmaceuticals, which makes the Maxigesic painkiller, continues to target reaching breakeven by the end of this financial year regardless of whether it obtains any additional licensing income. In the last financial year to th...
Auckland house prices stable in July, demand for affordable housing strong
By Rebecca Howard Aug. 3 (BusinessDesk) - Auckland house prices were stable in July but the number of sales lifted on the year with demand for lower priced property still strong, the city’s largest realtor said. The July median price was $810,000, unchanged on the year and...
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