Tomizone seeks A$2 mln in share issue as boardroom shuffle puts Wolfstrike's Bailey in charge
By Rebecca Howard July 4 (BusinessDesk) - Auckland-based and ASX-listed wi-fi service provider Tomizone wants to raise about A$2 million to repay debt as a boardroom shake-up sees its one of its bondholders assume the chair. The company successfully completed a private pla...
New Zealand business confidence steady in June quarter as construction stutters
By Rebecca Howard July 4 (BusinessDesk) - New Zealand firms' optimism about the economy held firm in the June quarter, despite confidence in the building sector easing after soft construction activity at the start of the year. A seasonally adjusted net 18 percent of firms s...
NZ dollar little changed ahead of RBA, Fed minutes, US jobs data
By Rebecca Howard July 3 (BusinessDesk) - The New Zealand dollar was little changed ahead of key events this week including the Reserve Bank of Australia's interest rate review and the minutes of the last Federal Reserve meeting. The kiwi traded at 73.17 US cents as at 5pm ...
NZ swaps spike as investors bet against RBNZ's interest rate outlook
By Rebecca Howard July 3 (BusinessDesk) - New Zealand's swap rates have jumped to multi-month highs on speculation the Reserve Bank will have to lift the official cash rate earlier than its official projections to keep pace with central banks around the world that are talking...
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