Govt agrees $2 bln pay equity package for aged and residential care workers
By Pattrick Smellie April 18 (BusinessDesk) - The government will implement a historic pay equity pay deal for aged and residential care workers worth $2.05 billion of extra pay for some 55,000 people – close to 2 percent of the total New Zealand workforce. Prime Minister...
Annual inflation tipped to hit mid-point of RBNZ's target range in 1Q
By Rebecca Howard April 18 (BusinessDesk) - Higher food and fuel prices are expected to propel annual inflation to 2 percent in the first quarter, marking the first time it will hit the mid-point of the central bank's target range in five-and-a-half years. Economists expec...
Warehouse to sell Newmarket property for $65 million
By Rebecca Howard April 18 (BusinessDesk) - Warehouse Group has entered into an unconditional contract to sell its Newmarket property in Auckland for $65 million and said the proceeds will be used to reduce debt. Settlement of the property sale is expected to be completed i...
NZ dollar gains after Trump says greenback 'too strong', falls vs Aussie on jobs data
The New Zealand dollar rebounded after US President Donald Trump said in an interview that the greenback was getting too high and he would prefer US interest rates to stay low. The kiwi fell against the Aussie after stronger-than-expected jobs data across the Tasman. The kiwi...
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