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New Zealand Dollar Outlook: Kiwi may decline as greenback strengthens after US employment data
By Tina Morrison July 7 (BusinessDesk) - The New Zealand dollar may decline after failing to make a break through 88 US cents in the past two weeks and in the absence of local data to push it higher as the US dollar strengthens. The kiwi may trade between 86.40 US cents and...
NZ property values heat up in June quarter, driven by Auckland, Christchurch
By Pam Graham July 7 (BusinessDesk) – New Zealand property values grew at a faster pace in the June quarter as the country’s two biggest cities continued to underpin the market. Values rose 2.1 percent in the three months ended June, accelerating from a 0.7 percent three-mo...
Germany’s Bauer paid $7M for APN’s magazines
By Pam Graham July 7 (BusinessDesk) – APN News & Media sold the New Zealand Woman’s Weekly, The Listener, Simply You, Simply You Living and Crème to Germany’s Bauer Media Group for $7 million. The November deal got the thumbs-up from the Commerce Commission in January even...
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