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NZ dollar drops below key support level as jobs data weighed, faces stiff resistance at 84 cents
By Tina Morrison Aug. 6 (BusinessDesk) - The New Zealand dollar fell below a key support level of 84.50 US cents as employment data painted a mixed view of the labour market. The kiwi fell as low as 84.27 US cents from 84.53 cents immediately before the 10:45am release of t...
UPDATE: NZ jobless rate falls to five-year low as Canterbury fuels employment growth
(Adds economist comment) By Paul McBeth Aug. 6 (BusinessDesk) - New Zealand's unemployment rate fell to a five-year low in the June quarter as employment growth in Canterbury fuelled the labour market. The kiwi dollar fell after the figures were released. The unemploymen...
NZX won't cancel Lyttelton Port trades after routine notice included takeover details
By Jonathan Underhill Aug. 6 (BusinessDesk) - NZX, the stock market operator, says it won't cancel trades in Lyttelton Port Co shares made after the release of a substantial security holder (SSH) notice that included first news of a takeover proposal for the company. Port O...
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