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MARKET CLOSE: NZ shares rise, pushing NZX 50 to month high
June 19 (BusinessDesk) - New Zealand shares rose pushing the NZX 50 index to its highest level this month, as cloud-based accounting firm Xero benefited from its inclusion in the benchmark index while Air NZ rose after announcing a new chief executive. The NZX 50 rose 24.70 poi...
NZ dollar gains after RBA says June rate cut 'finely balanced', Fed meeting looms
By Paul McBeth June 19 (BusinessDesk) - The New Zealand dollar rose after minutes from the Reserve Bank of Australia's last policy review showed its decision to cut rates was "finely balanced" and ahead of the Federal Reserve's meeting later this week. The kiwi rose to 79.31 U...
RBNZ backs inflation targeting, wants wider forecasting framework to assess national debt
By Paul McBeth June 19 (BusinessDesk) - The Reserve Bank backs inflation targeting as its primary goal, and wants a broader forecasting model to investigate what can lead to a disappointing economic recovery. Assistant governor John McDermott told bankers in Hong Kong "inflati...
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