NZ dollar falls against Aussie after strong retail sales data across Tasman
By Rebecca Howard Jan. 11 (BusinessDesk) - The New Zealand dollar fell against the Australian dollar after stronger-than-expected November retail sales across the Tasman added to the view that consumer spending is picking up and fuelling Aussie growth. The kiwi declined to...
Warehouse expects first-half earnings to fall by up to 28%
By Rebecca Howard Jan. 11 (BusinessDesk) - Warehouse Group expects first-half adjusted earnings from continuing operations to fall 22-to-28 percent as it keeps investing to transform the business. The Auckland-based company said first-half adjusted net profit from continui...
NZ dollar dips against greenback after US bond yields rise
By Rebecca Howard Jan. 10 (BusinessDesk) - The New Zealand dollar was slightly weaker against the greenback after rising yields on US government bonds continued to spark some renewed interest in the US dollar in Asia. The local currency traded at 71.64 US cents as at 5pm i...
OIO investigates Agria's 'Good Character' status after NYSE delisting
By Rebecca Howard Jan. 10 (BusinessDesk) - The Overseas Investment Office is investigating the "good character" status of China's Agria Corp, PGG Wrightson largest shareholder, after the company was formally delisted from the New York Stock Exchange early last year. "We ar...
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