RBNZ considers tweaking monetary policy as low inflation persists, Spencer says
By Rebecca Howard Dec. 5 (BusinessDesk) - The Reserve Bank is considering tweaking its approach to monetary policy in the face of persistently low inflation since the global financial crisis, says acting governor Grant Spencer. In his first public speech as acting governor...
Scales Corp forecasts 2017 earnings at upper end of guidance, sees improvement in 2018
By Rebecca Howard Dec. 5 (BusinessDesk) - Scales Corp now expects full-year earnings to be at the upper end of guidance on the performance of its horticulture division and new acquisitions. Earnings will rise in 2018, it said. Earnings before interest, tax, depreciation and...
Auckland house sales fall 20% in November, prices remain subdued
By Rebecca Howard Dec. 5 (BusinessDesk) - The number of house sales in Auckland fell 20 percent on the year in November and prices remained subdued as inventory levels continue to push higher. There were 757 sales in November versus 947 sales in the same month a year earli...
NZ dollar little changed in Asia as traders weigh progress on US tax reform, Flynn testimony
By Rebecca Howard Dec. 4 (BusinessDesk) - The New Zealand dollar was little changed as traders digested progress on US tax reform and news that a former aide to Donald Trump agreed to cooperate with a probe into possible Russian election interference. The kiwi dollar trad...
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