NZ dollar gains as market bets on Clinton victory, takes on riskier assets
By Jonathan Underhill Nov. 9 (BusinessDesk) - The New Zealand dollar rose to a two-month high, pushing above 79 on a trade-weighted basis, as investors bet Hillary Clinton will win the US presidential election, giving them more appetite to take on risk. The kiwi traded at 7...
NZ dollar little changed, lagging behind stock rally as rate cut weighs
By Jonathan Underhill Nov. 7 (BusinessDesk) - The New Zealand dollar was little changed despite volatile global markets ahead of the US presidential vote and what's expected to be a cut in the official cash rate on Thursday. The kiwi traded at 73.15 US cents as at 5pm in We...
Wrightson's independent directors to consider implications of Agria delisting, SEC probe
By Jonathan Underhill Nov. 7 (BusinessDesk) - PGG Wrightson said its independent directors will meet to consider the implications for the company of the New York Stock Exchange's investigation and proposed delisting of Agria Corp's American depositary shares, which were suspen...
Trustpower first-half profit, ex-Tilt, falls 7.6% on increased operating expenses, demerger costs
By Jonathan Underhill Nov. 7 (BusinessDesk) - Trustpower, which spun out its Australian windfarms into a separately listed company, Tilt Renewables, on Oct. 31, posted a 7.6 percent decline in first-half profit on a demerged basis, in the face of rising operating expenses and...
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