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MARKET CLOSE: NZ shares gain; Chorus, Telecom lead NZX 50 gains
June 14 (BusinessDesk) - New Zealand shares rose, pushing the NZX 50 Index up 1 percent, led by gains in network company Chorus and Telecom and as some investors bet Sky City Entertainment Group will eventually get its convention hall-for-slots deal. The NZX 50 rose 34.35 point...
NZ dollar edges higher after RBNZ confirms rates on hold
By Hannah Lynch June 14 (BusinessDesk) - The New Zealand dollar rose after Reserve Bank Governor Alan Bollard left the official cash rate unchanged at a record-low and pointed to risks in Europe and a lower track for interest rates. The New Zealand dollar rose to 77.48 US cent...
Fur flies in NZ over secret trade negotiations
June 14 (BusinessDesk) - Leaked drafts of the Trans-Pacific Partnership has reignited the debate over loss of national sovereignty in free-trade pacts, with opponents claiming the TPP as a sell-out to global corporate interests and advocates dismissing the concerns as "overblown...
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