Warehouse earnings fall 13% in year of 'significant change'
By Rebecca Howard Sept. 21 (BusinessDesk) - Warehouse Group said its annual earnings fell 13 percent in a period of "significant change" for the business. The shares opened higher as the result was in line with guidance. Net profit adjusted for one-time items was $59 milli...
NZ dollar reaches 3-week high as stronger-than-expected 2Q GDP dents rate cut chances
By Rebecca Howard Sept. 20 (BusinessDesk) - The New Zealand dollar hit a three-week high against the greenback after the economy recorded its highest growth in two years, denting the chances of a rate cut. The kiwi traded at 66.44 US cents at 5pm in Wellington from 66.15...
UPDATE: Stronger than expected growth sees traders dial back rate cut chance
(Recasts with comment from economists) By Rebecca Howard Sept. 20 (BusinessDesk) - New Zealand's stronger-than-expected economic growth pared any chance of a rate cut but downside risks - particularly flagging business confidence - remain. Gross domestic product expande...
NZ economy expands 1.0% in 2Q, beating expectations; Kiwi jumps
By Rebecca Howard Sept. 20 (BusinessDesk) - New Zealand's economy expanded the most in two years, beating expectations and driving the New Zealand dollar to a three-week high. Gross domestic product expanded 1.0 percent in the June quarter, up from a 0.5 percent rise in the...
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