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NZ dollar heads for 0.7% weekly decline, dragged lower by weak Aussie
By Rebecca Howard Dec. 8 (BusinessDesk) - The New Zealand dollar was heading for a 0.7 percent weekly decline, after being dragged lower a weaker Australian dollar, as traders await US payrolls data tonight. The kiwi dollar was trading at 68.34 US cents as at 5pm in Welling...
Fliway shareholders back $55.4 mln takeover
By Paul McBeth Dec. 8 (BusinessDesk) - Fliway Group shareholders have backed a $55.4 million takeover offer from Singaporean logistics firm Yang Kee Logistics, which will see another company leave the NZX. At a special meeting in Auckland today, almost 99 percent of votes...
New mindset needed to lift NZ living standards, IMF, OECD economists say
By Rebecca Howard Dec. 8 (BusinessDesk) - Visiting economists from the International Monetary Fund and the Organisation for Economic Cooperation and Development say a new mindset is needed to lift the New Zealand's living standards, as policymakers cope with technology change,...
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