NZ new vehicle sales rise to highest level in 32 years in March
By Tina Morrison April 5 (BusinessDesk) - New Zealand new vehicle sales in March rose to the highest level for the month in 32 years, led by record demand for commercial models. Registrations increased 3 percent to 12,110 in March from a year earlier, marking the strongest...
NZ dollar declines as commodities fall amid doubts over oil supply agreement
By Tina Morrison April 5 (BusinessDesk) - The New Zealand dollar declined as currencies linked to commodity exports fell out of favour as hopes faded that the oversupply of oil will be reduced any time soon. The kiwi fell to 68.30 US cents at 8am in Wellington, from 68.76 c...
NZOG plans to delist from ASX, citing low liquidity, cost savings
By Tina Morrison April 4 (BusinessDesk) - New Zealand Oil & Gas plans to delist its stock from the Australian exchange, saying the shares are little traded and the move would reduce costs by about $400,000. “The board of directors has noted that trading in the company’s sha...
NZ dollar holds near 69 US cents as US jobs data fails to budge rate views
By Tina Morrison April 4 (BusinessDesk) - The New Zealand dollar held just under 69 US cents as key US employment data failed to change investor views on the outlook for interest rates in the world's largest economy. The kiwi was at 68.88 US cents at 8am in Wellington, from...
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