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Wheeler risks failure in trying to weaken kiwi dollar with rate cuts this year
By Jonathan Underhill March 7 (BusinessDesk) - Reserve Bank governor Graeme Wheeler achieved diminishing returns from cutting the official cash rate four times last year when the trade-weighted index stopped falling in September, putting a line under his ability to encourage i...
Kiwi Regional Airlines considers crowdfunding $2 mln for new plane
By Edwin Mitson March 7 (BusinessDesk) - Kiwi Regional Airlines is considering trying to raise $2 million to buy a second plane through crowdfunding. The airline currently flies from Dunedin to Hamilton, Nelson to Hamilton, Dunedin to Nelson and Nelson to Tauranga. It is du...
NZ dollar dips from 2-month high as weak US wages weigh on greenback
By Paul McBeth March 7 (BusinessDesk) - The New Zealand dollar slipped from a two-month high as falling US wages weighed on the greenback and a recovery in investor confidence stoked demand for risk-sensitive assets such as the kiwi. The local currency dipped to 67.94 US c...
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