NZ house prices firm in February, volumes down from a year earlier
By Rebecca Howard March 13 (BusinessDesk) - Median house prices firmed slightly across New Zealand during February with the regions outpacing the nation's largest city of Auckland, according to the Real Estate Institute of New Zealand. The national median house price increa...
NZ dollar falls to 4-month low against euro on reports of ECB rate-hike talk
The New Zealand dollar fell to a four-month low against the euro after reports that the European Central Bank may begin raising interest rates even before the end of its quantitative easing programme. The kiwi dollar traded at 64.82 euro cents as at 8am in Wellington, and earl...
NZ economy probably grew 0.75% in 4th quarter helped by migrant tailwind
By Rebecca Howard March 10 (BusinessDesk) - New Zealand’s economy likely continued to expand in the fourth quarter of 2016, bolstered by the ongoing surge in migration but weaker output in the primary and manufacturing sectors is tipped to weigh on growth. The gross domest...
Rakon names three new directors in boardroom refresh
By Rebecca Howard March 10 (BusinessDesk) - Auckland-based Rakon has appointed three new directors the board who will put themselves forward for election by shareholders' at the next annual meeting in a refresh of the high-tech manufacturer governance team. The three includ...
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