NZ dollar rangebound after Fed signals unwinding, election still in focus
By Rebecca Howard Sept. 21 (BusinessDesk) - The New Zealand dollar gave up earlier gains after the US Federal Reserve announced a plan to start shrinking its balance sheet and signalled one more rate hike later this year, remaining rangebound ahead of Saturday's general electi...
UPDATE: Economists unimpressed as GDP growth comes in as expected
(recasts lead and updates to add economists comments throughout) By Rebecca Howard Sept. 21 (BusinessDesk) - Economists were unimpressed by news that the economy grew in the second quarter, warning much of the growth was due to one-offs and won't spur the central bank to l...
UPDATE: NZ dollar jumps as National leads in latest poll
(Recasts and updates pricing on TWI and USD after poll) By Rebecca Howard Sept. 20 (BusinessDesk) - The New Zealand dollar jumped half a cent when the latest poll showed the National Party leapfrogging its nearest rival ahead of Saturday's general election. The kiwi rea...
Turners Automotive sees FY18 pre-tax profit rising by as much as 26%
By Rebecca Howard Sept. 20 (BusinessDesk) - Turners Automotive Group told shareholders at today's annual meeting it expects to lift its full-year pre-tax earnings by as much as 26 percent as it benefits from a series of recent acquisitions and increasing vertical integration. ...
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