NZ dollar little changed; buoyed by consumer confidence, China data
By Jenny Ruth March 1 (BusinessDesk) - The New Zealand dollar was little changed after trading a tight range with mild but temporary boosts from strong consumer sentiment domestically and a better than expected indicator of Chinese manufacturing activity negated by a rising US...
Vital's management fees up 75%, distributable income down 18.7%
By Jenny Ruth March 1 (BusinessDesk) - Vital Healthcare Property Trust's management fees jumped to $22.1 million in the six months ended December, up nearly 75 percent from a year earlier, at the same time as net distributable income fell 18.7 percent. Canada-based NorthWe...
Annual housing consents reach a near 44-year high in January
By Jenny Ruth March 1 (BusinessDesk) - Local authorities issued more housing consents in the year ended January, the highest number in a year since early 1975, Stats NZ says. Consents in the month of January rose a seasonally adjusted 16.5 percent to 3,300 with the increase...
NZ dollar steady despite weaker business confidence, poor China data
By Jenny Ruth Feb. 28 (BusinessDesk) - The New Zealand dollar held steady despite poor local business confidence figures and data from China showing factory activity is slowing. The kiwi was trading at 68.48 US cents at 5pm in Wellington from 68.40 cents this morning. The t...
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