UPDATE: RBNZ keeps rates at 1.75% but may be signaling lower growth forecasts
(Recasts, adding comment from economists, updates dollar, adds in swap rates) By Rebecca Howard Sept. 28 (BusinessDesk) - Acting Reserve Bank governor Grant Spencer kept the official cash rate unchanged at 1.75 percent as widely expected and signaled no change on the immedi...
NZ dollar under pressure as greenback pushes higher after Yellen
By Rebecca Howard Sept. 27 (BusinessDesk) - The New Zealand dollar remained under pressure as investors lifted the probability of a US rate hike in December after what were viewed as hawkish comments by the US Federal Reserve chair Janet Yellen, boosting demand for the greenba...
China's Zhejiang Rifa makes full takeover offer for Airwork Holdings
By Rebecca Howard Sept. 27 (BusinessDesk) - Rifa Jair Company, a unit of Zhejiang Rifa Holding Group Co, intends to make a full takeover offer for all fully paid ordinary shares of Airwork Holdings that it does not already own at a 21 percent premium to yesterday's closing pr...
NZ dollar falls on election uncertainty, weak business confidence, trade data
By Rebecca Howard Sept. 26 (BusinessDesk) - The New Zealand dollar fell against the US dollar on ongoing uncertainty about the election outcome and on the back of weak business confidence and trade data. The kiwi was trading at 72.45 US cents as at 5pm in Wellington from 72...
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