Property For Industry reports record FY profit

Property For Industry reports record FY profit

By Rebecca Howard Feb. 13 (BusinessDesk) - Property For Industry, the industrial property investor, reported a record full year profit on higher revenues and lower costs and remained upbeat about the current financial year. Net profit rose to $123.4 million, or 27.4 cents p...

Rebecca Howard 12 Feb 2017
New Zealand dollar heads for 1.7% weekly fall as RBNZ talks down early rate hikes

New Zealand dollar heads for 1.7% weekly fall as RBNZ talks down early rate hikes

By Rebecca Howard Feb. 10 (BusinessDesk) - The New Zealand dollar is heading for a 1.7 percent fall against the greenback this week, in a quiet end to the week after the central bank signalled plans to keep interest rates hold for some time yet. The kiwi dropped to 71.91 US...

Rebecca Howard 10 Feb 2017
Trilogy International says it's meeting disclosure requirements after 22% share slide

Trilogy International says it's meeting disclosure requirements after 22% share slide

By Rebecca Howard Feb. 10 (BusinessDesk) - Trilogy International, the skincare and home fragrance company, said it continues to comply with continuous disclosure rules in response to a query from the New Zealand stock exchange after its shares took a tumble. In a letter to...

Rebecca Howard 09 Feb 2017
New Zealand dollar falls sharply after RBNZ dampens rate hike expectations

New Zealand dollar falls sharply after RBNZ dampens rate hike expectations

By Rebecca Howard Feb. 9 (BusinessDesk) - The New Zealand dollar fell after the central bank dampened rate hike expectations and moved to jawbone the currency lower. The New Zealand dollar was trading at a three week-low of 71.96 US cents as at 5pm from 73.05 cents as at 8a...

Rebecca Howard 09 Feb 2017