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NZ dollar holds below 71 US cents as election outcome awaited
By Jonathan Underhill Oct. 9 (BusinessDesk) - The New Zealand dollar held below 71 US cents, having earlier sunk to a five-month low, after the count of special votes at the weekend left the election too close to call, while talk of a North Korean missile test weighed on the g...
Michael Hill lifts first-quarter sales by 7.8% as Canada makes up for lagging US
By Sophie Boot Oct. 9 (BusinessDesk) - Michael Hill International, the jewellery retailer founded by its namesake, lifted sales 7.8 percent in the first quarter as its performance in New Zealand, Australia, and Canada continued to improve, making up for a dip in US revenue....
NZX 50 tops 8,000 for first time as stocks outshine other asset classes
By Jonathan Underhill Oct. 9 (BusinessDesk) - New Zealand's benchmark S&P/NZX 50 Index has topped 8,000 for the first time as tepid inflation, low interest rates and a stable economic outlook make returns from stocks a standout compared to other asset classes. The NZX 50 ro...
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