CBL declares first-half dividend of 3 cents
By Paul McBeth Oct. 7 (BusinessDesk) - CBL Corp, which raised $60 million to help fund its international ambitions, has declared an interim dividend of 3 cents per share. The Auckland-based credit surety and financial risk insurer will pay the dividend on Oct. 31 to shareh...
Chorus gives more fibre work to Visionstream, warns build cost will be at top end of guidance
By Paul McBeth Oct. 7 (BusinessDesk) - Chorus has handed more of its New Zealand ultrafast broadband network building work to Australia's Visionstream, while warning the cost of the project will be at the top end of its projected range. The Wellington-based company appoint...
NZ dollar extends decline ahead of key US job figures
By Paul McBeth Oct. 7 (BusinessDesk) - The New Zealand dollar extended its decline, trading near a two-month low, as looming US employment data keep the prospect of a rate hike by the Federal Reserve at the front of investors' minds. The kiwi fell to 71.48 US cents at 8am...
NZ dollar near two-month low on optimism US rates are set to rise
By Paul McBeth Oct. 6 (BusinessDesk) - The New Zealand dollar held near a two-month low against the greenback as recent data from the world's biggest economy keep investors upbeat on the prospects for US interest rates to rise before the end of the year. The kiwi traded at...
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