NZ dollar retreats from month-high as election looms, commodity prices fall
By Jonathan Underhill Sept. 11 (BusinessDesk) - The New Zealand dollar fell from a month-high with no clear favourite for the upcoming general election and a drop in commodity prices in New York on Friday. The kiwi was trading at 72.66 US cents as at 8:30am in Wellington, l...
World Week Ahead: Eyes on Apple, impact of Irma
By Margreet Dietz Sept. 11 (BusinessDesk) - Investors will assess the impact of Hurricane Irma and eye the latest data on US inflation and retail sales while continuing to monitor nuclear tensions between North Korea and the US. Also on the radar are Apple, which is set to...
MARKET CLOSE: NZ stocks rise, F&P Healthcare reaches record as Labour seen weakening kiwi
By Jonathan Underhill Sept. 8 (BusinessDesk) - New Zealand shares rose, with Fisher & Paykel Healthcare edging up to a record on speculation the kiwi dollar would weaken under a Labour-led government, providing a boon to companies with offshore sales. A2 Milk and Mainfreight a...
Fletcher Building gets $345M additional debt facilities from 3 existing syndicate banks
By Jonathan Underhill Sept. 8 (BusinessDesk) - Fletcher Building, whose leverage almost doubled in 2017, said it has arranged an additional $345 million of debt facilities with three banks in its existing syndicate. The construction and building products group said the new...
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