NZ dollar falls as coronavirus spreads beyond China

The spread of the coronavirus from China weighed on the New Zealand dollar although no cases have been reported here yet.The kiwi was trading at 65.90 US cents at 5pm in Wellington, although it had recovered from the day's low at... Source: NZ Herald Business News

By | January 22nd, 2020|Business|0 Comments

Wellington economic agency boss calls it quits

The chief executive of Wellington's regional economic development agency has decided to call it quits after two years in the role. Lance Walker has decided to pursue "new opportunities outside of the local government sector" and... Source: NZ Herald Business News

By | January 22nd, 2020|Business|0 Comments

Resilient NZ market an attractive harbour for nervous investors

New Zealand shares rose as the resilient local market provided an attractive harbour for investors anxious about the spread of coronavirus in China. Defensive stocks such as utilities and property companies led the gain.The S&P/NZX... Source: NZ Herald Business News

By | January 21st, 2020|Business|0 Comments

NZ dollar eases on weak services data, Chinese virus

The New Zealand dollar weakened after data showed the services sector fell to its lowest level of activity in more than seven years.The kiwi was trading at 66.07 US cents at 5pm in Wellington, up from the day's low at 65.93 cents... Source: NZ Herald Business News

By | January 21st, 2020|Business|0 Comments

Imperial Tobacco plans Petone Factory closure, 122 jobs at risk

Cigarette manufacturer Imperial Tobacco has announced a proposal to close its Petone Factory, putting 122 jobs at risk.The factory and its employees will now enter a consultation process.Kirsten Daggar-Nickson, head of corporate... Source: NZ Herald Business News

By | January 21st, 2020|Business|0 Comments

Wellington Room with a view for $25-per-week – but there's a catch

A Wellington woman has posted a unique listing offering a room to rent at her property for just $25-per-week - but there's a catch.A flatmate listing , posted on Trade Me on January 9, is wanting a free live-in nanny who will pay... Source: NZ Herald Business News

By | January 21st, 2020|Business|0 Comments

'Ruck me': Cheeky Pak'nSave ad pinged by advertising watchdog

Retailer Pak'nSave has landed in hot water with the Advertising Standards Authority (ASA) over the use of the phrase "ruck me" on a billboard advertisement. Running during the Rugby World Cup on a street corner in Auckland, the... Source: NZ Herald Business News

By | January 21st, 2020|Business|0 Comments

Holiday warning as travel agencies go bust, leaving hundreds without tickets

Holidaymakers are being warned about dodgy travel agents after hundreds of customers have had their plans wrecked or have been by a rogue operator. Auckland firm Travel Globe this month went into liquidation after months of issuing... Source: NZ Herald Business News

By | January 20th, 2020|Business|0 Comments

Gentrack leads New Zealand sharemarket lower

New Zealand shares fell today with Gentrack leading the market lower as the software company painted a grim picture for future earnings.The S&P/NZX 50 Index fell 53.26 points, or 0.5 per cent, to 11,746.95. Within the index, 25... Source: NZ Herald Business News

By | January 20th, 2020|Business|0 Comments

New Zealand dollar treads water as sentiment disappoints ahead of data on both sides of the Tasman

The New Zealand dollar largely tracked sideways as markets remain cautious ahead of upcoming data both here and in Australia. The kiwi was trading at 66.20 US cents at 5pm in Wellington versus 66.13 late Friday in New York.The... Source: NZ Herald Business News

By | January 20th, 2020|Business|0 Comments