NZ dollar gets lift from US-China trade progress

Rebecca Howard
Fri, 08 Nov 2019

The New Zealand dollar benefited from improving risk appetite as an interim US-China trade deal appeared more likely. The kiwi was trading at 63.63 US cents at 7:50 am in Wellington versus 63.47 cents at 5pm. The trade-weighted index was at 70.05 from 70.02. The global mood improved after China announced that the soon-to-be signed phase one agreement will specify which tariffs will be rolled back as assorted milestones are reached, said Kiwibank senior FX trader Mike Shirley. The news was confirmed by a US official, which added to the imp...
Tourism Holdings shares jump as Waitomo gets govt subsidy
Dan Brunskill | Thu, 04 Jun 2020

Tourism Holdings shares jumped after its Discover Waitomo business was named as one of the first recipients of the government's $400 million tourism support fund. The Waitomo caves operation will r...

NZOG seeking acquisitions, won't raise capital
Gavin Evans | Thu, 04 Jun 2020

New Zealand Oil & Gas said it is actively seeking acquisitions of a scale that won’t require it to raise additional capital. The firm said its strong balance sheet, and its weighting to gas rather...

Listed Companies
Vista plans to save up to $15m from staff layoffs
Jenny Ruth | Thu, 04 Jun 2020

Vista Group International said it wants to cut annualised costs by between $12 million and $15 million through laying off staff as cinemas - who account for more than 80 percent of its customers - are...

Telcos in lockdown, and beyond

Geoff Thorn, CEO, NZ Telecommunications Forum says modern connectivity was a major benefit during lockdown, so it’s important to ensure long term sustainability of the networks