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NZ dollar gains as US-China trade war tensions push USD out of favor

NZ dollar gains as US-China trade war tensions push USD out of favor

By Rebecca Howard April 4 (BusinessDesk) - The New Zealand dollar gained against the US dollar which fell amid worries about escalating US-China trade tension added to fears of a global trade war.  The kiwi traded at 72.84 US cents as at 5pm in Wellington from 72.54 US cent...

Rebecca Howard 04 Apr 2018
Air NZ, Virgin Australia to end seven-year trans-Tasman alliance in October

Air NZ, Virgin Australia to end seven-year trans-Tasman alliance in October

By Paul McBeth April 4 (BusinessDesk) - Air New Zealand and Virgin Australia Holdings will end their seven-year trans-Tasman alliance in October when regulatory approval for their shared services ends.  New Zealand's national carrier ended the strategic alliance, giving Vir...

Paul McBeth 04 Apr 2018
Winona Capital ups Rodd & Gunn investment as retailer targets North America

Winona Capital ups Rodd & Gunn investment as retailer targets North America

By Jonathan Underhill April 4 (BusinessDesk) - Winona Capital, a Chicago-based private equity firm that invests in consumer brands, has put more capital into Rodd & Gunn New Zealand, saying it is "excited" to be supporting the unprofitable clothing chain during its growth phas...