NZ dollar charts record high vs. Australian dollar on RBA rate cut talk, weak iron ore

The New Zealand dollar rose to a record against the Australian dollar on speculation the Reserve Bank of Australia will cut interest rates again as soon as next week, while the price of iron ore, a key export, continues to slide. The kiwi dollar rose as high as 98.43 Australian cents, and was recently at 98.01 cents, up from Australian cents late yesterday. Australian media reports from RBA watc…

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    A stronger greenback has whacked the Australian dollar almost one US cent lower overnight. At 0630 AEDT on Tuesday, the local currency was trading at 76.44 US cents, down from 77.23 cents on Monday. The ...

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  • NZers see growing benefits from closer economic ties … BusinessDesk - 1 hour 18 minutes ago

    New Zealanders see positive spin-offs coming from the nation's growing economic ties across Asia, although they have become wary of investment from the region, which has been blamed for pushing up house prices in Auckland. About 91 percent of 1,000 people polled expect a positive impact over the next 10 to 20 years from exports to Asia, and from tourists from the region visiting New Zealand, according to the Asia New Zealand Foundation's annual New Zealanders' Perceptions of Asia and Asian Peoples survey. While 80 percent of respondents see benefits from the pace of growth across Asia and 79 percent are upbeat on free trade agreements between New Zealand and Asian nations, there was a fall in support for foreign investment, with 64 percent seeing positive results compared to 74 percent a year earlier. "Fewer believed that Investment from Asia will have positive impacts on New Zealand's economy, and more believed that New Zealand was allowing too much investment from Asia ," the report said.

  • Govt to release report on competition AAP - 3 hours ago

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  • Businesswomen find their perfect match AAP - 6 hours ago

    Richard Branson, the billionaire businessman behind everything from record stores to space travel, wants to help Australia's women entrepreneurs find their perfect match. His not-for-profit foundation Virgin Unite is teaming up with Australian entrepreneurial support group Rare Birds to launch a new mentoring program for businesswomen. The program aims to have 500 women entrepreneurs matched with mentors within the next two years. Rare Birds founder Jo Burston says the entrepreneurs can seek confidential advice on the good, bad and ugly parts of their business.

  • Jetstar staff accept wage freeze AAP - 10 hours ago
    Jetstar staff accept wage freeze

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  • Tax has been fixing past problems: Hockey AAP - 11 hours ago
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  • Novogen shares surge on drug data AAP - 11 hours ago
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  • Shares dive on Chevron twin exits AAP - 11 hours ago
    Shares dive on Chevron twin exits

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  • Skydiving deaths won't alter takeover plan AAP - 11 hours ago
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  • Log transport business in voluntary administration Newstalk ZB - 12 hours ago

    A log transport business operating in Nelson and Marlborough has been put in voluntary administration.

  • Warehouse CEO to step down Newstalk ZB - 12 hours ago

    The CEO of the Warehouse is stepping down.

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  • $A slips as traders eye April rate cut AAP - 13 hours ago

    Expectations of another interest rate cut after Easter have weakened the Australian dollar. The currency dipped on Monday afternoon to be worth 77.23 US cents at 1700 AEDT, down from 78.01 cents on Friday. ...

  • Shares plunge on weak commodity prices AAP - 13 hours ago

    The share market has tumbled more than one per cent as the energy sector bears the brunt of fresh falls in the oil price. Mining stocks also suffered as iron ore prices plunged four per cent to their lowest ...

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  • Old Bay seasoning works on crabs...and beer too! CNBC - Sat, Mar 28, 2015 6:06 AM NZDT
    Old Bay seasoning works on crabs...and beer too!

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    'Anti-Ball Crushing' Pants Are Putting Lululemon on the Menswear Map

    The wildly popular item 'gives you and the family jewels room to breathe,' Lululemon says.

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    It sounds like a Swiss Army knife version of a TV game show: a combination of a venerable board game, state lotteries, Las Vegas and seasoned comedian Billy Gardell as host. The result is "Monopoly ...

  • Why Denny's Sounds Like a Chill Teenager on Social Media Entrepreneur - Sat, Mar 28, 2015 1:00 AM NZDT
    Why Denny's Sounds Like a Chill Teenager on Social Media

    Find out how this restaurant chain was able to go viral with one of the most unique social-media strategy in the business.

  • Lab beef a reality in 10 years: scientist AAP - Fri, Mar 27, 2015 10:03 PM NZDT
    Lab beef a reality in 10 years: scientist

    Laboratory beef could surpass the real thing within 10 years to solve environmental and animal welfare problems, while remaining just as tasty, a Dutch scientist says. Mark Post, Professor of Physiology at Maastricht University in the Netherlands, 18 months ago oversaw the creation of the first "cultured beef" burger made of stem cells from cow muscle tissue. "They recognise the same problems, probably better than anybody else, and they see there could be alternatives," Professor Post told reporters in Darwin on Friday, where he was a guest speaker at the Northern Territory Cattlemen's Association annual conference. Initially, it will be considered a luxury product, with an appeal to those with environmental and animal welfare concerns.

  • Diet sodas fall in US; Pepsi takes back No. 2 spot Associated Press - Fri, Mar 27, 2015 11:05 AM NZDT
    Diet sodas fall in US; Pepsi takes back No. 2 spot

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  • New Samsung, HTC phones coming April 10 in US Associated Press - Fri, Mar 27, 2015 9:25 AM NZDT
    New Samsung, HTC phones coming April 10 in US

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  • Bleisure: Korean barbecue, karaoke for biz travelers to NYC Associated Press - Fri, Mar 27, 2015 3:09 AM NZDT
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    Heinz-Kraft deal: The stories behind the brands

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