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CORRECT: NZ current account turns to deficit as drop in services offsets export pickup
(Corrects first-quarter goods balance to millions in fifth paragraph) By Jonathan Underhill Sept. 14 (BusinessDesk) - New Zealand’s current account balance turned to a deficit in the second quarter as a drop in services more than offset a pickup in exports. The deficit w...
NZ house prices advance in August as supply remains tight
By Tina Morrison Sept. 14 (BusinessDesk) - New Zealand house prices continued to advance in August, with both Auckland and the Nelson/Marlborough region hitting new records, as the number of properties put up for sale declines, according to the Real Estate Institute of New Zea...
NZ dollar drops two 2-week low as risk aversion returns, stocks, bonds fall
By Jonathan Underhill Sept. 14 (BusinessDesk) - The New Zealand dollar dropped to a two-week low as equities, bonds and commodities fell and investors eschewed riskier assets in favour of the greenback. The kiwi fell to 72.40 US cents, the lowest since Sept. 2, from 73.39 c...
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