First NZ Capital lifts Oceania Healthcare to 'outperform', 12-month target price +12%
By Rebecca Howard July 27 (BusinessDesk) - First New Zealand Capital lifted its rating on Oceania Healthcare to 'outperform' from 'neutral' after the aged care company announced an updated development pipeline and better embedded value growth. Analyst Andrew Steele said the...
Non-kiwis buy 2.8% of homes in 2Q with Auckland leading the pack
By Rebecca Howard July 27 (BusinessDesk) - The number of New Zealand home transfers to foreign buyers eased slightly in the second quarter, based on new data that tracks ownership changes from Statistics New Zealand. The share of home transfers to overseas people fell from...
NZ dollar loses ground, weighed by stronger greenback after ECB makes no change
By Rebecca Howard July 27 (BusinessDesk) - The New Zealand dollar lost ground against the US dollar, which benefited from euro weakness after the European Central Bank left interest rates unchanged. The kiwi traded at 67.84 US cents at 8:30am in Wellington from 68.36 US cen...
NZ dollar gains on improving US-EU trade relations
By Rebecca Howard July 26 (BusinessDesk) - The New Zealand dollar held overnight gains against the greenback, buoyed by news the US and European Union agreed to work toward zero tariffs, easing fears of a global trade war. The kiwi traded at 68.37 US cents as at 5pm in Well...
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