Skellerup cuts earnings guidance again, blaming weak oil and milk prices
By Paul McBeth April 29 (BusinessDesk) - Skellerup Holdings cut its annual earnings guidance for a second time, projecting a lower profit than 2015 as weak milk, oil and gas prices around the world weigh on demand from the rubber goods maker's customers. The Auckland-based...
NZX says 1st-qtr sales rise 9.6% as debt listings climb, sees Ralec victory
By Paul McBeth April 29 (BusinessDesk) - NZX posted a 9.6 percent gain in first-quarter revenue as more companies turned to the debt market to raise funds, driving listing fees for the stock market operator. Revenue rose to $18 million in the three months ended March 31 fr...
RBNZ keeps OCR at 2.25%, says inflationl likely to pick up; kiwi jumps
By Paul McBeth April 28 (BusinessDesk) - Reserve Bank governor Graeme Wheeler kept the official cash rate at 2.25 percent, in a decision traders had said could go either way, while predicting inflation will pick up as the slump in oil prices washes out of the data and capacity...
IMF to review financial system oversight, securities law
By Paul McBeth April 27 (BusinessDesk) - The International Monetary Fund will look at the Reserve Bank's oversight of the insurance and banking sectors, and review the overhaul of New Zealand's securities law to see how the country stacks up against global norms. New Zeala...
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