New Zealand Dollar stories
Harvey Norman reports a 4% drop in New Zealand sales, contributing to a 7% decline in group sales to AUD $5.74 billion amid ongoing retail challenges.
Intel's stellar Q2 earnings, featuring revenues of USD $10.8 billion, helped push the New Zealand dollar to 72 US cents, its highest in two months.
In order to pass on the benefits of the strength of the New Zealand dollar, Sun Microsystems has dropped its prices.