NZ dollar headed for 1% weekly fall as commodity prices decline
By Rebecca Howard Nov. 17 (BusinessDesk) - The New Zealand dollar was heading for a 1 percent weekly decline in the face of weaker commodity prices. The kiwi dollar traded at 68.58 US cents as a 5pm in Wellington from 68.55 cents late yesterday and is down from 69.28 cents...
Sharesies to look at robo-advice once regulator rules on exemptions
By Rebecca Howard Nov. 17 (BusinessDesk) - Start-up fund distribution platform Sharesies will develop a plan to provide personalised, automated financial advice, known as robo-advice, once there is more clarity about regulatory exemptions. Last month the Financial Markets A...
Electricity and dairy prices drive rise in 3Q input and output prices
By Rebecca Howard Nov. 17 (BusinessDesk) - Higher electricity and farm-gate milk prices contributed to rises in both producer output and input prices in the September quarter. Both the output producers price index, which shows the prices producers receive for their goods a...
NZ dollar falls against Aussie as improving labour market stokes Australian sentiment
By Rebecca Howard Nov. 16 (BusinessDesk) - The New Zealand dollar fell against the Aussie dollar and the greenback after figures showed Australia's jobless rate dropped to its lowest level in more than four years. The kiwi fell to 90.24 Australian cents as at 5pm in Welling...