RESEND: NZ dollar gains as Fed keeps December hike alive, BoJ targets long-term rates, RBNZ looms
(Fixes OCR in third paragraph) By Paul McBeth Sept. 22 (BusinessDesk) - The New Zealand dollar rose after the US Federal Reserve held off raising interest rates while keeping alive the possibility of a hike later this year, the Bank of Japan changed its policy focus to long...
Govt scales back depth of Treasury major project reviews
By Paul McBeth Sept. 21 (BusinessDesk) - The Treasury will publish just one major report on the government's major project pipeline, replacing the other two reports with high-level updates in an effort to cut costs. The government's financial adviser started publishing the...
Kathmandu annual profit climbs 64%; better product management fattens margins
By Paul McBeth Sept. 21 (BusinessDesk) - Kathmandu Holdings, which fended off a takeover proposal from its biggest shareholder Briscoe Group, lifted annual profit 64 percent and will pay a bigger dividend after more rigorous inventory management helped fatten margins. Net...
CORRECT: Fonterra raises forecast payout again as global supply shrinks
(Fixes amount of increase in 1st paragraph) By Paul McBeth Sept. 21 (BusinessDesk) - Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply c...
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