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NZ Select Committee recommends loophole for reflagging fishing vessels
By Paul McBeth July 25 (BusinessDesk) – The Parliament’s primary production select committee wants to give foreign fishing vessels loopholes to get around registering under a New Zealand flag in their report back on legislation forcing the ships to change their colours. The co...
MARKET CLOSE NZ shares fall as kiwi gains on Aussie; Fletcher, Fonterra fall
July 25 (BusinessDesk) – New Zealand shares fell, paced by Fletcher Building, Kathmandu and Michael Hill International as the kiwi rose to a five-year high against the Australian dollar, weighing on companies with business across the Tasman. The NZX 50 Index fell 22.408 points,...
NZ dollar climbs above 4-year high vs. Aust on hawkish RBNZ stance
By Paul McBeth July 25 (BusinessDesk) - The New Zealand dollar rose to a four-and-a-half year high against its Australian counterpart amid diverging interest rate outlooks for the trans-Tasman neighbours. The kiwi rose as high as 87.43 Australian cents, the highest since Novem...
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