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NZX trading halted over technical issues

All trading on New Zealand’s stock market has been halted due to technical issues in the second major outage this year. A spokeswoman for the NZX confirmed the stock exchange has halted trading, and is investigating the problem. Reuters reported the stock exchange operator said it had connectivity issues and suspended trading on all markets while it looked at the …

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NZ Dollar Outlook Kiwi may decline on end to US stimulus, Chinese slowdown

The New Zealand dollar may decline this week on speculation about the removal of asset purchasing stimulus in the US and on concern Chinese growth may be faltering. The local currency may trade between 75 US cents and 80 cents this week, with a lower bias, according to a BusinessDesk survey of nine traders and strategists. Five expect the kiwi …

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NZ govt, SkyCity take another 5 days on $402M convention deal

The New Zealand government and SkyCity Entertainment Group are taking another five days to finish up a deal for the casino and hotel operator to build a $402 million convention centre in Auckland in exchange for regulatory concessions. The parties have extended their negotiations for a second time, and expect the deal to be wrapped up by 11pm on July …

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