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NZ dollar holds near 2 ½-year high vs. Australian dollar before RBA minutes
Feb. 19 (BusinessDesk) – The New Zealand dollar traded near a 2 ½ year high against its Australian counterpart before minutes of the Reserve Bank of Australia’s last policy meeting that may hint at further easing across the Tasman. The kiwi traded at 82.05 Australian cents, lit...
While you were sleeping More signs of EU weakness
By Margreet Dietz Feb 19 (BusinessDesk) - Equities in Europe fell as European Central Bank President Mario Draghi warned of "further weakness" in the region's economy. Data released last week showed that the EU economy contracted more than expected in the fourth quarter, shrink...
Cabinet holds back on pushing asset sales, waits for Supreme Court
By Pattrick Smellie Feb 18 (BusinessDesk) - The government will wait for the Supreme Court to rule on the Maori Council appeal against the partial privatisation of state-owned electricity company MightyRiverPower, even though it needed a decision by today to meet its own sales t...
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