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NZ dollar drops as RBNZ's surprise update raises expectations for August rate cut
By Paul McBeth July 14 (BusinessDesk) - The New Zealand dollar dropped after the Reserve Bank said it will give its view on the economy next week given the long lead-in time to the next policy review on August 11, raising expectations it may be poised to cut rates next month. ...
ACC sought $158mn in Budget 2016, got $26.4mn, Treasury papers show
By Edwin Mitson July 14 (BusinessDesk) - The Accident Compensation Commission requested an extra $158 million in funding for 2016/17 from the government ahead of Budget 2016, but Treasury instead recommended an interim payment of just $26.4 million be funded to tackle demograp...
Mobile payment app firm Pushpay expands from faith to utilities and seeks ASX listing
By Fiona Rotherham July 14 (BusinessDesk) - Pushpay Holdings is planning an ASX listing by the end of the year and is expanding its mobile payment app beyond the religious sector to helping people pay bills for utilities such as water and insurance. At the company’s annual...