NZ manufacturing activity expands in May, bodes well for 2Q GDP
By Rebecca Howard June 16 (BusinessDesk) - New Zealand's manufacturing activity expanded in May, reaching the highest value since January 2016 and boding well for second-quarter economic growth. The Bank of New Zealand-BusinessNZ performance of manufacturing index was a se...
NZ dollar dips after weak current account data, pares slide ahead of Fed
By Rebecca Howard June 14 (BusinessDesk) - The New Zealand dollar dipped against the greenback on weaker-than-expected domestic current account data but squeezed back up over the day as investors await the news from the Federal Reserve's policy meeting and local gross domestic...
TruScreen widens annual loss but upbeat about FY18 revenue
By Rebecca Howard June 14 (BusinessDesk) - TruScreen, the NZAX-listed cervical cancer test developer, widened its annual loss on increased costs but said it expects revenue to grow "significantly faster" than expenses in the current financial year. The Auckland-based compa...
NZ 1Q current account surplus narrower than expected
By Rebecca Howard June 14 (BusinessDesk) - New Zealand reported a narrower-than-expected current account surplus in the first quarter while the annual deficit widened on the back of rising imports. The surplus was $244 million in the three months to March 31 versus a revise...
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