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NZ dollar drops after report on credit rating; Reserve Bank, Fed meetings loom
By Paul McBeth Oct. 30 (BusinessDesk) - The New Zealand dollar dropped in late trading after a Moody’s Investors Service executive discussed stripping the country of its Aaa credit rating, and ahead of the Reserve Bank and Federal Reserve reviews which are both expected to keep...
Official advice favours Fiordland monorail project
By Pattrick Smellie Oct. 30 (BusinessDesk) – Conservation Minister Nick Smith is reserving judgment on official advice he has released cautiously supporting the proposed 29 kilometre, six metre-wide monorail, a key element in a $200 million Queenstown to Lake Te Anau tourism ve...
NZX upgraded to ‘hold’ from ‘sell’ by brokerage Craigs after share price underperforms
By Tina Morrison Oct 30 (BusinessDesk) – NZX, the stock exchange operator whose shares have lagged behind its own benchmark index in the past year, was upgraded to ‘hold’ from ‘sell’ by brokerage Craigs Investment Partners. Shares in NZX recently slipped 0.8 percent to $1.26 an...
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