Summerset's Q2 sales down 9.6%; says market stabilising
By Rebecca Howard July 8 (BusinessDesk) - Summerset Group’s second-quarter sales were down 9.6 percent from a year earlier, but the Wellington-based retirement village operator says property market sentiment has stabilised. Summerset said it sold 141 occupation rights in th...
NZ dollar falls as strong US jobs data pares Fed rate-cut expectations
By Rebecca Howard July 8 (BusinessDesk) - The New Zealand dollar fell after stronger-than-expected US jobs data pared expectations of a hefty rate cut by the Federal Reserve this month. The kiwi was trading a 66.20 US cents at 7:50 am versus 66.27 late Friday in New York a...
NZ dollar headed for 0.5% weekly fall; US jobs data in focus
By Rebecca Howard July 5 (BusinessDesk) - The New Zealand dollar is headed for a 0.5 percent weekly fall as markets wait to see if US jobs data bolsters the case for a steeper July rate cut from the Federal Reserve. The kiwi was trading at 66.77 at 5:10pm versus 66.84 US ce...
Tougher bank capital rules could slice 10% from dairy profits - Rabo NZ
By Rebecca Howard July 5 (BusinessDesk) - Stricter bank capital requirements would severely dent dairy farm profits if the Reserve Bank goes ahead as planned, warn dairy interests in submissions on the contentious proposals. “Our initial estimates are that the proposals co...
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