Summerset lifts full-year guidance as resales, new sales stay strong
By Rebecca Howard Dec. 19 (BusinessDesk) - Summerset Group lifted full-year earnings guidance on strong resales volumes and margins as well as good margins on new occupation right sales. The Wellington-based retirement village developer and operator expects underlying profi...
NZ dollar gains as US budget deal deadline comes into focus
By Rebecca Howard Dec. 18 (BusinessDesk) - The New Zealand dollar rose against the greenback on concern there are risks around Republican leaders looking to pass tax reform legislation and reach a budget deal with the Democrats before the end of the week to avoid a government...
NZ consumer confidence eases in December
By Rebecca Howard Dec. 18 (BusinessDesk) - New Zealand consumer confidence dipped in December, the third consecutive decline, with both current and future conditions easing slightly. The ANZ Roy Morgan consumer confidence index fell to 121.8 this month from 123.7 in Novemb...
NZ dollar heads for 2.4% weekly gain on Orr appointment, weaker USD
By Rebecca Howard Dec. 15 (BusinessDesk) - The New Zealand dollar is headed for a 2.4 percent weekly gain against the greenback after getting a solid lift on news of a new central bank governor and benefiting from US dollar weakness. The kiwi was trading at 70.05 US cents a...
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