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NZ Dollar Outlook Kiwi may decline this week as investors favour US assets
By Tina Morrison May 20 (BusinessDesk) - The New Zealand dollar may decline this week as expectations of a US economic recovery lure investors to the world's largest economy and the greenback. The kiwi dollar recently traded at 80.83 US cents from 80.68 cents late Friday in New...
NZ’s services sector expands at fastest clip in five months in April
May 20 (BusinessDesk) – New Zealand’s services sector, which accounts for about 70 percent of economic activity, expanded at the fastest pace since October last month, led by activity/sales. The latest BNZ-Business New Zealand Performance of Services Index (PSI) rose 0.5 points...
Independent Liquor buys Mill retail chain for undisclosed sum
By Paul McBeth May 20 (BusinessDesk) - Independent Liquor, whose Japanese owner Asahi is locked in a court battle over the $1.5 billion price tag it paid for the booze empire, is extending its reach into retailing by acquiring the Mill Liquorsave bottlestore chain. The Papaku...
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