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NZ dollar heads for 1.3 percent weekly decline on TWI basis after central bank meetings
By Paul McBeth Jan. 31 (BusinessDesk) - The New Zealand dollar is heading for a 1.3 percent fall on a trade-weighted basis this week after the Reserve Bank kept interest rates on hold and the Federal Reserve trimmed another US$10 billion from its bond buying programme. The tr...
NZ apple growers likely to beat $1 billion export target early on rising prices, higher productivity
By Tina Morrison Jan. 31 (BusinessDesk) – New Zealand apple growers will probably reach $1 billion in exports ahead of their 10-year 2022 target as the industry benefits from higher productivity and rising prices. The apple industry, New Zealand’s second-largest fresh fruit ex...
Xero customer receipts rise 14 percent in 4Q as cash burn creeps higher
By Paul McBeth Jan. 31 (BusinessDesk) - Xero, whose shares have soared 478 percent in the past year, lifted its customer receipts 14 percent in the final three months of 2013 as it gained more traction, while slowing down the pace of its cash burn. The Wellington-based compan...
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