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NZ Dollar Outlook Kiwi may decline as investors seek improving returns in the US
By Tina Morrison June 24 (BusinessDesk) – The New Zealand dollar may decline this week as the yield appeal of the kiwi diminishes amid expectations of better times ahead for the US economy. The local currency may trade between 75 US cents and 80 cents this week, with a downside...
UPDATED Synlait Ltd investors may sell 19M shares into Synlait Milk IPO, Bright won’t participate
(Adds comments from CEO John Penno throughout) June 24 (BusinessDesk) – Shareholders of Synlait Ltd may sell 19 million shares of Synlait Milk as part of the dairy company’s initial public offering while Bright Dairy won’t participate in the sale, according to Synlait Milk’s pro...
NZ monthly inbound migration climbs to 3 ½ year high in May as Australian exodus dwindles
June 24 (BusinessDesk) - New Zealand’s monthly inbound migration climbed to a three-and-a-half year high last month as fewer locals quit the nation for Australia, with local prospects taking on a brighter sheen than the country’s trans-Tasman neighbour. Seasonally adjusted, th...