NZ's jobless rate unexpectedly rises to 5.2% in 4th qtr; kiwi drops
By Rebecca Howard Feb. 1 (BusinessDesk) - A large number of people entering New Zealand's workforce pushed the unemployment rate back above 5 percent but also meant the labour force participation rate reached an all-time high, data from Statistics New Zealand shows. The un...
NZ dollar gains as Trump's policy moves weigh on greenback
By Rebecca Howard Jan. 31 (BusinessDesk) - The New Zealand dollar gained as US President Donald Trump's latest policy decisions unsettled markets and weighed on the greenback. The kiwi rose to 72.86 US cents as at 5 pm in Wellington from 72.65 cents late yesterday. The trad...
Aussie homecare services firm cleared to buy 40% of Healthcare of NZ
By Rebecca Howard Jan. 31 (BusinessDesk) - The Overseas Investment Office has given Australian-controlled Home Care BidCo Pty a green light to buy up to 40 percent of leading home health and disability services provider Healthcare of New Zealand Holdings in a deal worth more t...
Strike action still looming at Lyttelton Port, talks to continue Friday
Jan. 26 (BusinessDesk) - Strike action is still looming at Lyttelton Port Co's container terminal after further mediation failed to reach a settlement although talks are continuing Friday, the port said in an emailed customer notice. "The current strike notices have not been...
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