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Precinct Properties reports no major Wellington damage, hires assessor
July 22 (BusinessDesk) - Precinct Properties New Zealand, which counts its 10 office towers in Wellington’s central business district as 40 percent of its $1.6 billion portfolio, says it has suffered no major damage from yesterday’s 6.5 magnitude earthquake. The city was shaken...
NZ dollar dips as Wellington CBD checked for quake damage, trading rooms closed
By Jonathan Underhill July 22 (BusinessDesk) – The New Zealand dollar opened weaker as authorities warned workers in Wellington’s CBD to stay home pending an assessment of earthquake damage, which closed bank trading rooms and sent glass and rubble falling from buildings. The N...
Weaker kiwi probably not a game changer for RBNZ yet
July 21 (BusinessDesk) – The kiwi dollar is holding below levels the Reserve Bank is forecasting for the third quarter though that’s unlikely to be enough to change its view of the interest rate outlook this week. The central bank will keep the official cash rate at 2.5 percent...
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