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UPDATE: 'Slack' NZ labour market keeps door open for more rate cuts
(Updates and recasts with economist comment throughout) By Paul McBeth Aug. 5 (BusinessDesk) - New Zealand's slackening labour market gives the Reserve Bank more reason to cut interest rates as wage hikes remain muted and jobs growth lags behind an expanding working populat...
NZX trading activity, value of turnover rises in July
By Paul McBeth Aug. 5 (BusinessDesk) - The volume and value of trading on New Zealand's stock exchange rose for a second month in July as investors prepared for earnings season to kick off in August. The total value traded rose 10 percent to $3.3 billion in July from the sa...
Xero executive Ross Jenkins to step down this year after handover to incoming CFO Narayan
By Tina Morrison Aug. 5 (BusinessDesk) - Xero, the cloud-based accounting software developer, said chief operating officer and interim chief financial officer Ross Jenkins will retire by the end of this calendar year following a transition to incoming CFO Sankar Narayan. We...
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