Chorus beats first-half profit expectations, lifts annual guidance
By Paul McBeth Feb. 20 (BusinessDesk) - Chorus beat first-half profit expectations and raised its forecast for annual earnings as the telecommunications network operator benefited from the increase in regulated prices on its copper lines, even as connection numbers fell in an...
World Week Ahead: Fed minutes, Trump rally
By Margreet Dietz Feb. 20 (BusinessDesk) - As Wall Street continues to scale fresh record highs, investors will eye minutes of the latest Federal Open Market Committee meeting for more insight on the probability of an interest rate increase at the March meeting. Minutes of...
Lion to pay up to $25.1 million for "runaway train" Panhead
By Paul McBeth Feb. 17 (BusinessDesk) - Lion - Beer, Spirits & Wine (NZ), the local unit of Japanese brewer Kirin Holdings, will pay as much as $25.1 million for its newly acquired Panhead Custom Ales craft beer brand, which the local head has described as a "runaway train". ...
RBNZ, Treasury talk up global economic risks in briefings to Finance Minister Joyce
By Paul McBeth Feb. 17 (BusinessDesk) - The Reserve Bank and the Treasury warned incoming Finance Minister Steven Joyce about the international threats posed to New Zealand's economy, which they both saw as being relatively robust. In separate December briefing documents t...
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