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CORRECT: RBA, Chinese data loom to influence kiwi dollar today
By Tina Morrison Jul. 1 (BusinessDesk) - The New Zealand dollar was little changed against the Australian dollar ahead of today's Reserve Bank of Australia decision on interest rates and the release of manufacturing data for China, the largest trading partner for both coun...
Aussie lab test company Healthscope sees growth in NZ pathology business
By Pam Graham July 1 (BusinessDesk) - The size of the company’s business in New Zealand and its ambitions for more growth have been detailed in a prospectus for a share offer in Australia. “Operationally, Healthscope is focused on extracting further economies of scale,...
Tower sells remaining life business to Foundation Life for $36 mln
1 (BusinessDesk) - Tower has sold its remaining life insurance business to Australian-owned Foundation Life (NZ) Holdings for $36 million, completing its transformation to a general insurer. The sale of Tower Life (NZ) includes a payment of $34 million upfront and a further...
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