World Week Ahead: Eyes on Macy’s, Kohl’s
By Margreet Dietz Aug. 7 (BusinessDesk) - The latest corporate earnings including from US retailers Macy’s and Kohl’s and reports on inflation will draw attention this week. Last week, the Dow Jones Industrial Average rose 1.2 percent, with the index closing at a record hi...
Eastland Group full-year profit falls 2.6%, still manages to pay record dividend
By Jonathan Underhill Aug. 4 (BusinessDesk) - Eastland Group, the community trust-owned company that runs Gisborne's port, airport and electricity distribution businesses, posted a 2.6 percent decline in full-year profit as operating expenses grew faster than revenue. That did...
NZ dollar gains vs pound after BoE keeps rates unchanged, cuts growth, inflation forecasts
By Jonathan Underhill Aug. 4 (BusinessDesk) - The New Zealand dollar rose against the British pound after the Bank of England kept its benchmark interest rate unchanged and lowered its forecasts for economic growth, inflation and wages citing the likely impact of exiting the E...
Snowball Effect records first profit, thanks to tax benefit, revenue jumps 46%
By Jonathan Underhill Aug. 3 (BusinessDesk) - Snowball Effect recorded a full-year profit driven by a modest tax benefit, while revenue rose faster than expenses, narrowing the equity crowdfunding platform's pre-tax loss. The Auckland-based company posted a net profit of $1...
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