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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...
Solid Energy has more-than fourfold increase in estimate for Taranaki coal seam gas
By Jonathan Underhill June 19 (BusinessDesk) - Solid Energy, the state-owned coal miner being prepared for partial sale, has announced a more-than fourfold increase in its contingent resources of coal seam gas in the Taranaki after exploration results were assessed by the US con...
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