RBNZ to cut rates and signal more to come
By Rebecca Howard Aug. 5 (BusinessDesk) - The Reserve Bank of New Zealand is expected to cut rates on Wednesday and leave the door open for more easing as heightened global uncertainty is coupled with a subdued domestic outlook. Of 17 economists polled by Bloomberg, 16 exp...
Briscoe Group reports lift in 1H sales despite headwinds
By Rebecca Howard Aug. 5 (BusinessDesk) - Briscoe Group continues to shrug off headwinds in the retail sector, reporting a lift in first half sales but noted net profit would be hit by a $1.2 million adjustment as a result of the way leases are treated in the new accounting st...
NZ dollar weighed by ongoing US-China trade jitters
By Rebecca Howard Aug. 5 (BusinessDesk) - The New Zealand dollar remains under pressure as trade jitters continue to weigh on global risk appetite. The kiwi was trading at 65.28 US cents at 8am in Wellington from 65.40 late Friday in New York. The trade-weighted index was...
Vodafone to execute 100% NZ-centric strategy
By Rebecca Howard Aug. 2 (BusinessDesk) - Vodafone New Zealand says its new ownership means it can execute a New Zealand-centric strategy while retaining a close relationship with the global Vodafone Group. “I think we have created the best of both worlds,” chief executive...
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