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MARKET CLOSE: NZ shares rise, led by Air NZ, Briscoe; CBL falls before being halted
By Sophie Boot Feb. 2 (BusinessDesk) - New Zealand shares gained, led by Air New Zealand and Fletcher Building, with Z Energy and CBL dropping. The S&P/NZX50 Index rose 31.42 points, or 0.4 percent, to 8,415.29. Within the index, 23 stocks rose, 17 fell and 10 were unchange...
NZ dollar heads for 0.4% weekly gain as payrolls comes into view
By Jonathan Underhill Feb. 2 (BusinessDesk) - The New Zealand dollar is heading for a 0.4 percent weekly gain against the greenback, which is trading around its lowest levels in more than three years against a basket of currencies. The kiwi traded at 73.63 US cents as at 5p...
No reason for RBNZ to change accommodative policy as inflation fades, kiwi rises
By Jonathan Underhill Feb. 2 (BusinessDesk) - The Reserve Bank is expected to leave the official cash rate at 1.75 percent next week and continue projecting very little increase for the next three years because inflation has slowed in an economy that's has been on a faster tha...
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