NZ services activity expands for first time in four months in March
By Jonathan Underhill April 16 (BusinessDesk) - New Zealand's services sector activity, which accounts for about two-thirds of the economy, expanded for the first time in four months, in March, led by strong sales growth after a storm-dented start to the year. The BNZ-Busin...
Ellerston Capital, with interest in 5.1% Fletcher stake, sees builder as a turnaround story
By Jonathan Underhill April 16 (BusinessDesk) - Ellerston Capital's interest in Fletcher Building has topped 5.1 percent, requiring the Australian fund manager to make a statement to the ASX and NZX but its interest in the beat-up construction and building materials company ha...
NZ dollar falls vs Aussie on stronger-than-expected China imports; inflation data looms
By Jonathan Underhill April 16 (BusinessDesk) - The New Zealand dollar fell against its Australian counterpart as the Aussie benefitted from stronger-than-expected Chinese import data and ahead of domestic data this week which is expected to show inflation remains weak. The...
World Week Ahead: Focus on US earnings, retail sales, Fed speakers
By Margreet Dietz April 16 (BusinessDesk) - Investors are gearing up for the latest earnings from US companies including Goldman Sachs and Bank of America as well as a host of speeches by Federal Reserve officials and fresh reports on retail sales and industrial production....
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