NZ business confidence remains in doldrums in November
By Rebecca Howard Nov. 29 (BusinessDesk) - New Zealand business confidence remained in the doldrums in November with headline sentiment and firms' views of their own activity largely unchanged from the previous month. A net 37.1 percent of firms surveyed in the ANZ busines...
Government lends Westland Milk $9.9 mln for new plant
By Rebecca Howard Nov. 29 (BusinessDesk) - A $9.9 million government loan will help Westland Milk Products reduce its dependency on bulk dairy commodities, chief executive Toni Brendish said. Regional Economic Development Minister Shane Jones said the interest-bearing, repa...
NZ dollar higher after RBNZ says financial stability risks have eased
By Rebecca Howard Nov. 28 (BusinessDesk) - The New Zealand dollar was higher against the US dollar after the Reserve Bank relaxed curbs on high-risk mortgage lending and said financial stability risks have eased. The kiwi traded at 67.94 US cents at 5pm in Wellington versus...
Asset Plus lifts 1H profit 33% but rental income down
By Rebecca Howard Nov. 28 (BusinessDesk) - Asset Plus, formerly known as NPT, reported a 33 percent lift in first-half profit, despite a fall in rental income as the property investor overhauls its portfolio. Net profit for the six months to Sept. 30 was $3.2 million, bols...
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