NZ dollar dives on weak CPI data, cushioned by strong China data
By Jenny Ruth April 17 (BusinessDesk) - The New Zealand dollar was sharply lower but off its lows as positive economic data from China and euphoria over the government’s decision to can a capital gains tax helped cushion the impact of a weaker than expected inflation print....
First-home buyers and investors now neck and neck
By Jenny Ruth April 17 (BusinessDesk) - First home buyers are increasingly making their presence felt in the housing market as buying by investors needing a mortgage remains depressed, according to CoreLogic figures. The two groups of buyers now match each other in terms of...
MBIE reinstates Fuji Xerox as a government supplier
By Jenny Ruth April 17 (BusinessDesk) - The government has reinstated Fuji Xerox as a supplier despite an ongoing Serious Fraud Office investigation into accounting irregularities that led to losses of more than $300 million. Late yesterday, Fuji Xerox’s New Zealand managin...
NZ dollar climbs against AUD after dovish RBA minutes
By Jenny Ruth April 16 (BusinessDesk) - The New Zealand dollar was a little weaker against the greenback but stronger against the Australian dollar on signs it won't take much for the central bank there to cut interest rates. The kiwi was trading at 67.58 US cents at 5pm in...
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