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MARKET CLOSE NZ shares rise to record; Xero tops $1 bln, Sky TV climbs
March 7 (BusinessDesk) – New Zealand shares rose, pushing the NZX 50 Index to the highest since it was created in 2003, as Xero’s market value exceeded $1 billion for the first time and a broad rally swept up Telecom, Sky Network Television and Diligent Board Members Services....
NZ dollar falls after US jobs report aids greenback, Australian trade deficit widens
By Paul McBeth March 7 (BusinessDesk) - The New Zealand dollar fell after upbeat US private sector jobs data built up expectations for employment in the world's biggest economy and after Australia's trade deficit was bigger than forecast. The kiwi traded at 82.74 US cents at...
RBNZ's Wheeler to take more advice and make more speeches
By Paul McBeth March 7 (BusinessDesk) - Reserve Bank governor Graeme Wheeler will heed the advice of his lieutenants in making major policy decisions and will make more public appearances. The central bank is establishing a Governing Committee made up of himself, his two deput...
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