Chorus full-year profit growth stalls on lower regulated prices; Ratcliffe to step down
By Jonathan Underhill Aug. 29 (BusinessDesk) - Chorus, the telecommunications network operator, said lower regulated pricing for access to its copper services were to blame for full-year profit stalling, although it sees a resumption of growth in 2017. It separately announced...
NZ dollar tumbles after Fischer reiterates view of September rate hike for Fed
By Jonathan Underhill Aug. 29 (BusinessDesk) - The New Zealand dollar tumbled after Federal Reserve vice chairman Stanley Fischer indicated September was still a possibility for a rate hike, although dependent on upcoming economic data. The kiwi traded at 72.26 US cents at...
World Week Ahead: US jobs data up next
By Margreet Dietz Aug. 29 (BusinessDesk) - The latest US jobs data will form a key focus this week as Federal Reserve policy makers seem determined to continue to remind investors that a September interest rate increase is possible. There’s the ADP employment report on Wed...
NZ dollar little changed as hopes grow for clear signal on US rates from Yellen
By Jonathan Underhill Aug. 26 (BusinessDesk) - The New Zealand dollar was little changed, holding above 73 US cents as traders debate whether Federal Reserve chair Janet Yellen will give a clear signal on the timing and pace of US interest rate hikes when she addresses fellow...