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NZ dollar rises to week high against Aussie as local economy seen outperforming

NZ dollar rises to week high against Aussie as local economy seen outperforming

By Tina Morrison July 19 (BusinessDesk) – The New Zealand dollar rose to a week high against its Australian counterpart as the outlook for the local economy continues to outperform that of its closest neighbour. The kiwi jumped as high as 86.23 Australian cents, and recently tr...

18 Jul 2013
Wynyard Group falls 4.3 percent  in NZX debut, stays just inside indicative range

Wynyard Group falls 4.3 percent in NZX debut, stays just inside indicative range

By Paul McBeth July 19 (BusinessDesk) - Wynyard Group, the local spy software developer, fell 4.3 percent in its NZX debt, having listed at the $1.15 offer price. The shares recently traded at $1.10, valuing the company at $112.8 million, with about 370,000 shares changing ha...

18 Jul 2013
While you were sleeping Wall Street climbs to record

While you were sleeping Wall Street climbs to record

By Margreet Dietz July 19 (BusinessDesk) - Wall Street rose to a record after better-than-expected economic data and corporate earnings fuelled investors' optimism the US economy is gathering steam as Federal Reserve Chairman Ben Bernanke reiterated the central bank's ongoing su...

18 Jul 2013