NZ dollar edges higher as US dollar pulls back from post-FOMC gains
By Tina Morrison Oct. 30 (BusinessDesk) - The New Zealand dollar edged higher as the US dollar retreated from its earlier surge after the Federal Reserve signalled US interest rates could rise in December. The kiwi advanced to 66.93 US cents at 8am in Wellington, from 66.60...
NZOG, flush with cash, targets undervalued assets
By Tina Morrison Oct. 29 (BusinessDesk) - New Zealand Oil & Gas, which has about $100 million of cash and no debt, is seeking to benefit from a slump in oil prices to hoover up undervalued energy assets. Over the past year, NZOG paid $35 million for 48 percent of listed Aus...
NZ dollar drops after Fed keeps December rate hike alive; RBNZ looms
By Tina Morrison Oct. 29 (BusinessDesk) - The New Zealand dollar dropped after the US Federal Reserve signalled it could hike interest rates at its December meeting and traders await the Reserve Bank of New Zealand's rate decision this morning. The kiwi fell as low as 66.39...
Little sign NZ Inc is focusing on '99% certain' El Nino summer
By Tina Morrison Oct. 28 (BusinessDesk) - New Zealand may be heading for a "super El Nino" weather pattern this summer, reminiscent of 1997/98 when drought parched the east of the country and sapped agricultural production, but there's little sign that risk has registered with...
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