Kathmandu raises $40M via institutional share placement for US footwear purchase
By Rebecca Howard March 21 (BusinessDesk) - Kathmandu Holdings, the outdoor equipment retailer, successfully raised $40 million through an institutional share placement of approximately 18.5 million new fully paid ordinary shares, it said in a release to the stock exchange. ...
NZ dollar pares gains in light trading ahead of Fed review
By Rebecca Howard March 20 (BusinessDesk) - The New Zealand dollar pared overnight gains against the greenback in thin trading as markets focus on the upcoming US Federal Reserve policy review with the Fed widely expected to lift interest rates. The kiwi fell to 72.23 US c...
NZ businesses investing more in R&D and expansion but numbers still low
By Rebecca Howard March 20 (BusinessDesk) - New Zealand businesses are investing more in their growth and research and development but while the number of businesses carrying out R&D is at a 10-year high only 11 percent of firms are doing it. According to Statistics New Ze...
NZ consumer confidence ticks back up in March quarter as political jitters fade
By Rebecca Howard March 20 (BusinessDesk) - New Zealand consumer confidence retraced its post-election drop to return to average levels in the March quarter as political jitters faded and the economy remains strong. The Westpac McDermott Miller consumer confidence index ro...
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