Perky services sector in Janary soothes fears over cooling economy
By Paul McBeth Feb. 18 (BusinessDesk) - Activity in New Zealand's services sector picked up in January, with strong sales and new orders helping to allay fears that the economy may be poised for a downturn this year. The BNZ-BusinessNZ performance of services index rose 3....
PFI doubles 2018 profit on valuation gains, underlying earnings fall short
By Paul McBeth Feb. 18 (BusinessDesk) - Property For Industry more than doubled its calendar 2018 profit as its 94-property portfolio was revalued higher. However, a slightly lower occupancy rate and rising property costs dented underlying earnings, which missed expectations. ...
NZ dollar starts the week with a tailwind as positive US-China trade talks boost sentiment
By Paul McBeth Feb. 18 (BusinessDesk) - The New Zealand dollar started the week on the front foot as investors were buoyed by positive noises coming from the latest round of trade talks between the US and China. The kiwi traded at 68.58 US cents as at 8am in Wellington fro...
MARKET CLOSE: NZ shares dip as global trade jitters weigh on A2, F&P
By Paul McBeth Feb. 15 (BusinessDesk) - New Zealand shares fell as pessimism over trade negotiations between the US and China cast a pall across Asia. Exporters including A2 Milk and Fisher & Paykel Healthcare led the market lower. The S&P/NZX 50 index decreased 39.27 poin...
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