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MARKET CLOSE: NZ stocks join global sell off; Pacific Edge, Xero drop; Fonterra Fund gains
By Suze Metherell Aug. 6 (BusinessDesk) - New Zealand shares fell in a global sell-off as rising geo-political tensions and falling dairy prices took confidence out of the market. Pacific Edge led the decline, paced by Xero. Fonterra Shareholders' Fund rose. The NZX 50 Inde...
NZ dollar breaks below 84.50 US cents on dairy drop, jobs data
By Jonathan Underhill Aug. 6 (BusinessDesk) - The New Zealand dollar broke below a key resistance level as the continued slide in dairy prices and data that painted a mixed picture of the labour market weighed on the kiwi in a market less willing to take on risk. The kiwi t...
Rex Bionics hires top UK trade official as new CEO
By Paul McBeth Aug. 6 (BusinessDesk) - Rex Bionics, the local company which listed on the London Stock Exchange’s growth-orientated AIM market in May, has hired the UK government's trade guru Crispin Simon as its new boss, and brought forward a shift into bigger manufacturing...
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