NZ dollar continues to gain against Aussie
By Tina Morrison June 3 (BusinessDesk) - The New Zealand dollar gained against the Australian dollar as divergent interest rates and a weaker Australian economy prompt investors to favour the kiwi. The kiwi hit 94.42 Australian cents overnight, almost matching the three-mon...
MediaWorks chair McGeogh may follow CEO Weldon out the door, Street Talk says
By Tina Morrison June 2 (BusinessDesk) - MediaWorks Investments chairman Rod McGeogh may follow former chief executive Mark Weldon and leave the free-to-air broadcaster, the Australian Financial Review reported in its Street Talk column. McGeoch's future tenure at the compa...
NZ dollar sinks vs. Japanese yen after Abe postpones sales tax increase
By Tina Morrison June 2 (BusinessDesk) - The New Zealand dollar sank against the yen after Japanese Prime Minister Shinzo Abe said he would delay a planned increase in the sales tax rate, damping expectations for further monetary stimulus. The kiwi slid to 74.55 yen at 8am...
NZ Merino inks 5-year, $45M contract with Italy's Reda, supplier to Armani, Gucci
By Tina Morrison June 1 (BusinessDesk) - The New Zealand Merino Company, which markets the nation's wool to customers on behalf of suppliers, has signed a five-year, $45 million deal to supply fine wool to Italian luxury fabric manufacturer Successori Reda, its longest-ever co...
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