NZ dollar little changed, trades in tight range ahead of dairy auction, data
By Rebecca Howard Dec. 19 (BusinessDesk) - The New Zealand dollar stuck to a very tight range, largely overlooking ongoing weakness in business confidence, ahead of the dairy auction tonight and key economic data over the next few days. The kiwi traded at 69.93 US cents as...
Finance Minister Robertson names expert panel for Reserve Bank Act review
By Rebecca Howard Dec. 19 (BusinessDesk) - Finance Minister Grant Robertson has appointed the expert panel for the Reserve Bank Act review, naming Suzanne Snively as chair. Snively, who is Transparency International New Zealand chair, will be joined by Malcolm Edey and Gir...
NZ business confidence stays near eight-year low as economic tailwinds slow
By Rebecca Howard Dec. 19 (BusinessDesk) - New Zealand's business confidence continued to hover around an eight-year low in December as the tailwinds provided by an overheated housing market and record levels of migration slow down. A net 38 percent of businesses were pess...
Summerset lifts full-year guidance as resales, new sales stay strong
By Rebecca Howard Dec. 19 (BusinessDesk) - Summerset Group lifted full-year earnings guidance on strong resales volumes and margins as well as good margins on new occupation right sales. The Wellington-based retirement village developer and operator expects underlying profi...
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