NZ dollar holds steady as traders await RBNZ's Financial Stability Report
By Tina Morrison May 11 (BusinessDesk) - The New Zealand dollar was little changed as traders await the release of the Reserve Bank's Financial Stability Report, which may detail further measures to curb the nation's bubbling housing market. The kiwi traded at 67.56 US cent...
English hints RBNZ may introduce additional curbs to housing market
By Tina Morrison May 10 (BusinessDesk) - Finance Minister Bill English hinted that the Reserve Bank may announce further restrictions to curb the country's housing market as part of its Financial Stability Report tomorrow, according to news reports. English was asked by rep...
UPDATE: Comvita annual profit jumps 68% as Aussie overtakes NZ
(Adds comments and detail from conference call, updates shares) By Tina Morrison May 10 (BusinessDesk) - Comvita boosted annual profit 68 percent as Australian sales soared, overtaking New Zealand as the manuka honey company's largest market. Profit jumped to $17.2 milli...
NZ dollar fall as investors shun commodity currencies on China concerns
By Tina Morrison May 10 (BusinessDesk) - The New Zealand dollar fell along with other currencies linked to commodities on concern Chinese demand is waning. The kiwi dropped to 67.65 US cents at 8am in Wellington, from 68.43 cents at 5pm yesterday. The trade-weighted index d...
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