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NZ dollar falls vs. A$ after RBA tones down rhetoric; dairy auction looms
By Paul McBeth Nov. 4 (BusinessDesk) - The New Zealand dollar fell against its trans-Tasman counterpart after the Reserve Bank of Australia toned down its rhetoric in calling its currency too high, and ahead of the latest Fonterra Cooperative Group dairy auction. The kiwi f...
RBA keeps cash rate at record low, reiterates view Australian growth 'below trend'
By Jonathan Underhill Nov. 4 (BusinessDesk) - The Reserve Bank of Australia kept its cash rate at a record low, where it has sat since August 2013, reiterating its view that the nation's growth will remain below trend, helping keep inflation tame. The RBA kept the cash rate...
Goldsmith approves second tranche of FMCA regulation
By Suze Metherell Nov. 4 (BusinessDesk) - The second phase of regulation of the Financial Markets Conduct Act, which overhauled the decades old Securities Act, has been approved by newly installed Commerce Minister Paul Goldsmith. The new regulations, which cover the govern...
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