World Week Ahead: Fed succession, OPEC, US retail in focus
By Margreet Dietz Nov. 27 (BusinessDesk) - Federal Reserve Chair Janet Yellen testifies to Congress on the US economic outlook on Wednesday, a day after Jerome Powell, nominated to succeed her in February, will appear in confirmation hearings before the Senate. Powell, cur...
NZ dollar climbs above 69 US cents for first time in week as Fed minutes digested
By Jonathan Underhill Nov. 24 (BusinessDesk) - The New Zealand dollar rose above 69 US cents for the first time in a week as traders digested the range of views in the latest Federal Reserve minutes that showed some policymakers unconvinced that inflation is rebounding. The...
Stride Property first-half profit rises 44% on management fees, lower costs
By Jonathan Underhill Nov. 23 (BusinessDesk) - Stride Property Group, which spun out its retail portfolio into a separately listed vehicle last year, posted a 44 percent gain in first-half profit as growth in management fees and lower costs made up for a decline in rental inco...
NZ dollar gains amid Fed doubts about pace of inflation, weak US data
By Jonathan Underhill Nov. 23 (BusinessDesk) - The New Zealand dollar rose to its highest level in almost a week after minutes of the last Federal Reserve policy meeting showed lingering concerns about persistently low inflation, echoing outgoing chair Janet Yellen's view that...
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