NZ dollar gains in holiday trading as revisions show economy on stronger track
By Rebecca Howard Dec. 21 (BusinessDesk) - The New Zealand dollar gained after revised figures showed the economy on a stronger-than-expected growth track, adding to the prospects of a rate hike sooner than the Reserve Bank has flagged. The kiwi rose to 70.07 US cents as at...
Tourism Holdings expects up to $3M annual recurring benefit from US tax changes
By Rebecca Howard Dec. 21 (BusinessDesk) - Tourism Holdings says annual profit will be about 10 percent higher from new tax legislation passed in the US. The Republican-controlled US House of Representatives gave final approval on Wednesday to the biggest overhaul of the U...
Van Leeuwen owner 'devastated' by cattle disease outbreak, says business could go under
By Rebecca Howard Dec. 20 (BusinessDesk) - Aad van Leeuwen found himself at the centre of a storm when he reported an outbreak of Mycoplasma bovis in his South Canterbury herds but said the bacterial cattle disease didn’t originate on his farms and if government compensation d...
NZ economy grows 0.6% in third quarter as construction ticks up
By Rebecca Howard Dec. 21 (BusinessDesk) - New Zealand's economy expanded in the third quarter, albeit at a slower pace, as ongoing weak activity in the primary sector offset a strong recovery in construction and growth in the services industries was softer. Gross domestic...
Prev
