NZ dollar weaker as market positions for dovish central bank statement
By Rebecca Howard Aug. 8 (BusinessDesk) - The New Zealand dollar fell on a trade-weighed index basis ahead of what is expected to be a dovish statement from the Reserve Bank on Thursday. The TWI was at 77.43 at 5pm from 77.93 late yesterday in Wellington. It traded at 92.90...
Trans Tasman Resources issues new shares ahead of ironsands ruling
By Rebecca Howard Aug. 8 (BusinessDesk) - Trans Tasman Resources has issued new shares on the eve of a ruling on whether it can mine iron sands from the ocean floor in New Zealand's Exclusive Economic Zone in the South Taranaki Bight. Documents lodged with the Company's Off...
NZ rating will remain steady but robust economic growth could cool, S&P says
By Rebecca Howard Aug. 8 (BusinessDesk) - New Zealand's economic growth to remain strong but did point to several factors that could cool it in the medium term, although it doesn't expect to change its sovereign rating in the immediate future, says ratings agency Standard & Po...
NZ dollar little changed ahead of OCR review, as greenback gains
By Rebecca Howard Aug. 7 (BusinessDesk) - The New Zealand dollar was largely unchanged, capped by expectations the central bank may be more dovish on Thursday and by a strong rebound in the US dollar after solid jobs data overnight Friday. The kiwi dollar traded at 73.99 U...
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