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Kiwi sinks on RBNZ intervention, PM's 'Goldilocks' comment
By Paul McBeth Sept. 29 (BusinessDesk) - The New Zealand dollar dropped to a 13-month low after figures confirmed the Reserve Bank intervened in foreign exchange markets last month in a bid to reinforce its downward trajectory, and after Prime Minister John Key said he'd prefe...
FMA approves NZX's new growth stocks NXT market
By Suze Metherell Sept. 29 (BusinessDesk) - The Financial Markets Authority has approved the NZX's new NXT market for high growth or "momentum" stocks, with the stock market operator expecting it to launch later this year. The regulator's approval was the last sign off the...
UPDATE: Fonterra to launch Equity Partners' Fund this year
(includes Fonterra CEO quotes) By Fiona Rotherham Sept. 29 (BusinessDesk) - Fonterra Cooperative Group wants to establish an Equity Partners' Fund before the end of the year that would source capital from global investors for farmers in New Zealand and Australia. It's on...
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