NZ dollar falls vs Aussie, 'parity party cancelled' as economies diverge
By Rebecca Howard July 18 (BusinessDesk) - The New Zealand dollar took a tumble against the Australian dollar after weak domestic inflation contrasted sharply with a more upbeat economic outlook from the Reserve Bank of Australian in the minutes of its last meeting. The kiw...
Serko sees jump in 1H trading revenue and still expects FY net profit
By Rebecca Howard July 18 (BusinessDesk) - Online travel booking software firm Serko said it expects first half trading revenue to be 25 percent to 30 percent higher on the year, excluding gains or losses on Australian dollar revenue hedging, and reiterated it is expecting to...
Callaghan's C-Prize Challenge attracts 96 entries, last year's finalist snapped up by US tech accelerator
By Rebecca Howard July 18 (BusinessDesk) - There were 96 entries in Callaghan Innovation's biennial C-Prize Challenge, where innovators have been invited to create the next generation of wearable technology, said Callaghan Innovation’s chief technology officer Chris Hartshorn....
UPDATE: NZ inflation missing in action in second quarter; kiwi dollar drops
(Update recasts lead, adds swap rate move and economist comment) By Rebecca Howard July 18 (BusinessDesk) - New Zealand consumer prices were unchanged in the second quarter, pushing the dollar and swap rates lower as the market pared back expectations the central bank migh...
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