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MARKET CLOSE Positive New Year tone rumbles on
Jan 23 (BusinessDesk) – New Zealand shares eked out another rise as the broadly positive tone since New Year continued, with substantial volumes noted in some key stocks. The NZX50 Index was up 0.64 points, or 0.01 percent, to 4187.72. Within the index, 23 stocks rose, 14 rose...
NZ dollar gains after weak Aussie inflation figures
Jan. 23 (BusinessDesk) – The New Zealand dollar firmed against the Australian dollar after a weaker-than-expected inflation report increased the chances of a an official interest rate cut by the Reserve Bank of Australia. The kiwi was at 79.78 Australian cents at 5pm, up from 79...
Govt splits Christchurch rebuild wallboard needs between local and German supplier
Jan 23 (BusinessDesk) - A $40 million government procurement deal to supply wallboard for the Christchurch rebuild is being used as a way to inject competition into New Zealand's high-cost home building market. With home affordability a hot political issue, and lack of competiti...
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