World Week Ahead: Fed meets, eyes on earnings
By Margreet Dietz July 24 (BusinessDesk) - It’s a big week for corporate earnings on both sides of the Atlantic, while Federal Reserve policy makers also gather for a two-day meeting. While the Federal Open Market Committee is not expected to raise its key interest rate, i...
Adamson forfeits interest in $8 mln of shares after being dumped as CEO of Fletcher
By Jonathan Underhill July 21 (BusinessDesk) - Mark Adamson has forfeited $8 million in Fletcher Building shares after being dumped as chief executive at New Zealand's largest construction and building materials company and losing his entitlement to its incentive scheme. Ad...
NZ dollar rises above 74 US cents for first time in 10 months as ECB hints at tapering
By Jonathan Underhill July 21 (BusinessDesk) - The New Zealand dollar rose above 74 US cents for the first time in 10 months as the greenback fell against the euro after comments from European Central Bank president Mario Draghi that policymakers would consider winding back qu...
UPDATE: Fletcher dumps Adamson in face of investor dissatisfaction; Binns stays mum
(Adds investor comment, details on outlook, updates shares) By Jonathan Underhill July 20 (BusinessDesk) - Fletcher Building has taken the unusual step of dumping its chief executive, Mark Adamson, who leaves immediately with the loss of share options and other incentives a...
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