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NZ dollar holds near 3-month high as RBNZ's Bollard says markets pricing in low rates
By Paul McBeth Aug. 6 (BusinessDesk) - The New Zealand dollar held near a three-month high after central bank Governor Alan Bollard said markets are pricing in even lower interest rates and borrowing costs have stayed low for longer than was envisaged at the time of the global f...
NZ to nurse debt hangover for a while longer, Bollard says
Aug. 6 (BusinessDesk) - New Zealand may have to deal with the fallout of its increase in private sector debt for some time as the economy is constrained by weak growth in some of the world’s major economies, Reserve Bank Governor Alan Bollard says. “Private sector deleveraging...
Harvey Norman NZ annual sales fall 4 percent as group profitability plunges
By Paul McBeth Aug. 6 (BusinessDesk) – Harvey Norman's New Zealand sales fell 4 percent in the latest financial year as the wider group's profit plunged on tough trading conditions in its electrical goods categories. The Sydney-based retailer reported a 7 percent decline in gr...
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