Shareholders Assn pours pressure on A2 board over CEO's early exit
A2 Milk Co chief executive and managing director Jayne Hrdlicka will step down from her role effective immediately and former head Geoffrey Babidge will take the helm while a search for a replacement is underway.The stock dropped 7.7 percent to $14 when trading on the NZX opened....
Manufacturing data point to better-than-expected economic growth
Stronger-than-expected manufacturing volumes – excluding meat and dairy sales – mean the economy may have grown more in the third quarter than the 0.3 percent forecast by the central bank. The manufacturing survey is the final tranche of second-tier data economists use to firm up...
NZ dollar holds gains against greenback
The kiwi was largely unchanged against the greenback after it lifted on positive US jobs numbers, but was capped by weak Chinese trade data. The kiwi was trading at 65.58 US cents at 8am in Wellington from 65.61 cents late Friday in New York. The trade-weighted index was at 72...
Odds favour a rate cut but it's a line ball call
The odds are slightly in favour of an interest rate cut on Wednesday, but it’s by no means a done deal.The central bank cut the official cash rate by 50 basis points to 1 percent in August but remained on hold in September. Of 18 economists polled by Bloomberg, 12 are expecting t...
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