NZ dollar falls vs greenback, Aussie as investors seek clues over diverging rate tracks
By Rebecca Howard Feb. 20 (BusinessDesk) - The New Zealand dollar fell against the greenback and Australian dollar as investors unpick central bank meeting minutes for clues over increasingly divergent interest rate tracks. The kiwi declined to 73.56 US cents as at 5pm in...
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...
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