RBNZ's Adrian Orr pledges to address central bank's lack of open dialogue
By Rebecca Howard May 10 (BusinessDesk) - Reserve Bank governor Adrian Orr greeted journalists in English, Maori and sign language and pledged to address a lack of open dialogue at the central bank in his first press conference at the helm. Orr said he has taken up the man...
UPDATE: RBNZ's Orr keeps OCR at 1.75% in first outing, says next move could be up or down
(Updates to add detail from monetary policy statement throughout) By Rebecca Howard May 10 (BusinessDesk) - New Reserve Bank governor Adrian Orr kept the official cash rate at 1.75 percent and said the direction of the next move is equally balanced and could be up or down,...
Scales to sell cold storage unit to US-based Emergent Cold for $151.4 mln
By Rebecca Howard May 9 (BusinessDesk) - Scales Corp will sell its cold storage businesses to newly-incorporated US cold chain company Emergent Cold for $151.4 million as it shifts to a greater focus on pure agribusiness. "We have identified our strengths as (1) operating...
NZ dollar holds near 4-month low; RBNZ's Orr may disappoint if he sticks to script
By Rebecca Howard May 9 (BusinessDesk) - The New Zealand dollar held near a four-month low ahead of Reserve Bank governor Adrian Orr's first monetary policy statement but markets may be disappointed if he sticks to the same script as his predecessor. The kiwi traded at 69....
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