All News

NZ dollar little changed as Fed minutes show September rate hike 'close call'

NZ dollar little changed as Fed minutes show September rate hike 'close call'

By Paul McBeth Oct. 13 (BusinessDesk) - The New Zealand dollar was little changed as minutes to the September meeting of the Federal Open Market Committee showed US policymakers saw a rate hike as being a "close call".  The kiwi traded at 70.72 US cents at 8.30am in Welling...

Paul McBeth 12 Oct 2016
While you were sleeping: Minutes cement December hike

While you were sleeping: Minutes cement December hike

By Margreet Dietz Oct. 13 (BusinessDesk) - Wall Street rose, as did the US dollar, after minutes from the latest Federal Open Market Committee meeting underpinned bets the central bank will increase interest rates in December. “December was already priced in so this is just...

Margreet Dietz 12 Oct 2016
MARKET CLOSE: NZ shares fall along with Asia; Xero and Summerset drop, Air NZ gains

MARKET CLOSE: NZ shares fall along with Asia; Xero and Summerset drop, Air NZ gains

By Sophie Boot Oct. 12 (BusinessDesk) - New Zealand shares dropped, following regional markets lower, with Xero and Summerset Group Holdings declining while Air New Zealand and Mainfreight gained. The S&P/NZX 50 Index fell 16.78 points, or 0.2 percent, to 7,107.45. Within t...

Sophie Boot 12 Oct 2016