NZ dollar falls as rally runs out of puff ahead of payrolls data
By Rebecca Howard Feb. 3 (BusinessDesk) - The New Zealand dollar continued to ease back Friday ahead of a three-day weekend on signs that a recent rally may be running out of steam. The kiwi dollar fell to 72.73 US cents as at 5 pm from 72.85 at 8 am and 72.98 US cents late...
RBNZ likely on hold, all eyes will be on its interest rate forecasts
By Rebecca Howard Feb. 3 (BusinessDesk) - The Reserve Bank's view on where interest rates might go down the track will be the focus of attention at next Thursday's rate review, given it's widely expected to keep rates on hold at a record low 1.75 percent. All 10 economist...
Plexure Group raises $1.6 mln through issue of convertible notes
By Rebecca Howard Feb. 3 (BusinessDesk) - Plexure Group, the digital advertising firm formerly known as VMob, raised $1.6 million through an issue of convertible notes and the funds will be used to support ongoing operations. The notes have a face value of $1 per note and a...
Strike action to continue at Lyttelton Port over Waitangi weekend
By Rebecca Howard Feb. 3 (BusinessDesk) - A strike at Lyttelton Port Co's container terminal will go ahead this weekend despite positive talks with the Maritime Union of New Zealand. The planned industrial action for Feb. 11 and Feb. 12 will proceed, and the Maritime Union...
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