NZ's housing-related imbalances set to peak in 2018, S&P Global says
By Rebecca Howard Feb. 20 (BusinessDesk) - Housing-related imbalances in New Zealand look set to peak and even begin to unwind in 2018 as headwinds abate and new government policies take shape, according to S&P Global Ratings. "The risks that the banking sector in New Zeal...
Used car import body says 'short-term' hit from MPI's stink bug strategy worth it
By Rebecca Howard Feb. 20 (BusinessDesk) - The Ministry for Primary Industries has introduced new measures to reduce the risk of brown marmorated stink bugs arriving in used vehicles and machinery from Japan, but any impact on domestic importers will be "relatively short term,...
Promisia shares tumble on Medsafe warning but company stands by product
By Rebecca Howard Feb. 20 (BusinessDesk) - Promisia Integrative shares slumped 72 percent after Medsafe warned its Arthrem product could cause potential liver damage. The company said the number of reported cases is "extremely small" and it stands by its product. On Monday...
NZ dollar set for 2.3% weekly gain as greenback continues to falter
By Rebecca Howard Feb. 16 (BusinessDesk) - The kiwi is heading for a 2.3 percent weekly gain as investors continued to overlook signs of emerging inflation in the US and instead focused on improving risk appetite. The kiwi rose to 74.14 US cents as at 5pm in Wellington from...
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