All News
MARKET CLOSE NZ shares fall a second day as Chorus extends slide, Xero drops
Dec. 4 (BusinessDesk) – New Zealand shares fell for a second day, retreating from a five-year high as Chorus extended its slide on concerns about price regulation and Xero fell from a record high. The NZX 50 Index dropped 33.396 points, or 0.8 percent, to 4015.69. Within the in...
NZ dollar gains after RBA cuts interest rates in a bid to revive slowing economy
By Paul McBeth Dec. 4 (BusinessDesk) - The New Zealand dollar followed its Australian counterpart higher after the Reserve Bank of Australia cut interest rates to a level not seen since 2009 in a bid to revive economic activity as the resources boom peters out. The kiwi rose t...
RBA cuts key rate to 3 percent on subdued labour market, below average global growth
Dec. 4 (BusinessDesk) – The Reserve Bank of Australia cut its key rate a quarter point as expected, saying there’s a risk below-average global growth slows further while at home the labour market is subdued and capital spending on resources is peaking. The central bank lowered...
Prev
