NZ dollar little changed as traders eye Fed meeting
The New Zealand dollar was broadly unchanged, tracking the fortunes of equities markets, ahead of the Federal Reserve's latest pronouncement on monetary policy. The kiwi was trading at 65.28 US cents at 5pm in Wellington from 65.39 cents at the same time yesterday. The trade-w...
Australia-based IDX buys Ascot Radiology for up to $52.8m
Integral Diagnostics has bought Auckland-based Ascot Radiology for up to $52.8 million paid in a mix of $40 million of cash, $10 million of shares and an earnout of up to $2.8 million to 17 vendor doctors. "We are pleased to have extended our footprint in New Zealand with prem...
Fletcher negotiates easier bank covenants but says it doesn't need them yet
Fletcher Building said it has negotiated easier covenants through to the end of 2021 with its bankers in case they become necessary as the company navigates through the coronavirus crisis. But if it does need the easier covenants, Fletcher has agreed not to pay a dividend unti...
Lower interest rates, V-shaped bounce justify current share prices: Harbour
There is probably no disconnect between equities markets and the real economy, even after the recent sharp rally, because the fall in interest rates has been a greater force than the expected fall in corporate earnings, said Harbour Asset Management managing director Andrew Basca...
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