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NZ dollar drops to 17-month low, 90-day bank bills hit record low, swap rates fall
By Jonathan Underhill Nov. 20 (BusinessDesk) - The New Zealand dollar is trading near its lowest levels in almost 19 months after falling below 69 US cents for the first time since June 2016, while 90-day bank bills fell to a record low and swap rates declined, as sentiment wa...
World Week Ahead: Gearing up for Black Friday
By Margreet Dietz Nov. 20 (BusinessDesk) - A speech by Federal Reserve Chair Janet Yellen and minutes from the latest central bank meeting might offer clues on the pace of interest rate increases next year in a week shortened by the Thanksgiving holiday, which is followed by B...
MARKET CLOSE: NZ shares up, Mercury and Genesis gain while Xero flat on Drury selling
By Sophie Boot Nov. 17 (BusinessDesk) - New Zealand shares rose, led higher by gains from Mercury New Zealand and Genesis Energy, while Xero was flat on news its chief executive had sold 15 percent of his stake in the company. The S&P/NZX50 Index gained 27.28 points, or 0.3...
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