World Week Ahead: Fed gathers as Trump picks successor
By Margreet Dietz Oct. 30 (BusinessDesk) - With Wall Street at record highs, investors will eye US President Donald Trump’s pick for the next Federal Reserve chair, a meeting of the Fed, and the latest US jobs data amid a slew of corporate earnings reports including from Apple...
Goodman Property manager says fire-damaged Humes warehouse fully insured
By Jonathan Underhill Oct. 27 (BusinessDesk) - Goodman (NZ), the manager of Goodman Property Trust, says the fire-damaged Humes warehouse in Penrose, Auckland, was fully insured and wasn't a meaningful part of its portfolio. Thirteen fire crews responded to the fire overnig...
NZ dollar extends slide on progress with US tax cuts, gains vs euro on ECB decision
By Jonathan Underhill Oct. 27 (BusinessDesk) - The New Zealand dollar fell to a five-month low against the greenback on progress for US President Donald Trump's plan to slash taxes and gained against the euro after the European Central Bank said it would cut bond purchases as...
Freightways 1st-qtr profit rises 6.4%, putting it on track for annual earnings growth
By Jonathan Underhill Oct. 26 (BusinessDesk) - Freightways said sales and profit rose in its first quarter, putting the courier and information management company on track for annual earnings growth. Net profit was $15.1 million excluding certain items in the three months e...
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