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NZ dollar falls vs. Aussie dollar after RBA cuts rates by 25 basis points
By Hannah Lynch June 05 (BusinessDesk) - The New Zealand dollar fell versus the Australian dollar after the Reserve Bank of Australia cut its target cash rate by 25 basis points as deteriorating global sentiment keeps interest rates low. The New Zealand dollar fell to 77.47 Aus...
MYOB, Westpac target 10,000 NZ businesses with free website offering
By Paul McBeth June 05 (BusinessDesk) - Online payment solutions provider MYOB and lender Westpac Banking Corp are looking to get 10,000 local businesses online by offering free websites for the next year. The getonline.co.nz initiative will let businesses access MYOB's Atlas...
Minister failed to consult adequately on Petrobras oil licence, court hears
By Pattrick Smellie June 05 (BusinessDesk) - Lawyers challenging the granting of a deep sea oil exploration licence to Brazilian oil company Petrobras say the Minister of Energy failed to consider the impacts of such activity on marine life from seismic surveying, even before a...