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NZ dollar gains vs. Australian dollar business investment slows across the Tasman

The New Zealand dollar gained against its Australian counterpart after official figures showed business investment is slowing in Australia, which could be a key factor in its central bank interest rate decision next week. The kiwi rose to 78.75 Australian cents from 78.56 cents yesterday. It traded at 82.41 US cents at 5pm in Wellington from 82.34 cents at 8.30am, …

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Japanese car sales slump in China

Japanese car brands at the Guangzhou auto show admit to difficult sales in China in a year which has seen violent protests over territorial disputes with Japan in the South and East China seas. Other foreign brands report growing sales in the world’s biggest car market

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