NZ dollar edges up against pound as UK PM May's future weighs on sterling
By Rebecca Howard Nov. 13 (BusinessDesk) - The New Zealand dollar edged higher against the British pound as media reports questioning the strength of UK Prime Minister Theresa May's hold on her government weighed on the sterling. The kiwi increased to 52.72 British pe...
F&P Healthcare wins patent case against ResMed in UK Court
By Rebecca Howard Nov. 13 (BusinessDesk) - Fisher and Paykel Healthcare Corp has won a patent case against ResMed in the UK in the ongoing intellectual property dispute for its face and nasal masks across various jurisdictions. The High Court of Justice, Chancery Division,...
NZ dollar heads for 0.5% weekly gain; RBNZ viewed as slightly more hawkish
By Rebecca Howard Nov. 10 (BusinessDesk) - The New Zealand dollar is heading for a 0.5 percent weekly gain, helped by a Reserve Bank statement that was deemed slightly more hawkish. The kiwi traded at 69.38 US cents as at 5pm in Wellington from 69.52 cents yesterday and fr...
Bethunes narrows first-half loss as Retail Property break fee bolsters income
By Rebecca Howard Nov. 10 (BusinessDesk) - Bethunes Investments narrowed its first-half loss after benefitting from a break fee when Westgate Power Centre-subsidiary NZ Retail Property Group terminated a proposed reverse listing transaction. Auckland-based Bethunes said its...
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