AWF Madison increases 1H profit 17%, expects 'satisfactory' full-year result
By Tina Morrison Nov. 9 (BusinessDesk) - AWF Madison Group, the country's largest contract labour firm, increased first-half profit 17 percent and said it expects a "satisfactory" result for the full year. Profit was $3.4 million, or 10.5 cents a year, in the six months end...
NZ dollar drops below 65 US cents as case for Fed rate hike builds
By Tina Morrison Nov. 9 (BusinessDesk) - The New Zealand dollar dipped below 65 US cents following a jump in the US dollar as the case for a US interest rate hike firmed following better-than-expected data on the US labour market. The kiwi touched 64.95 US cents and was tra...
World Week Ahead: US consumer in spotlight
By Margreet Dietz Nov. 9 (BusinessDesk) - After October’s jobs report firmed expectations that US Federal Reserve policy makers might lift interest rates next month, investors will eye retail sales data to gauge the strength of the mighty American consumer. Last F...
NZ wool gains as price declines lure Chinese buyers
By Tina Morrison Nov. 6 (BusinessDesk) - New Zealand wool rose at auction as a drop in the local currency and last month's price declines lured buyers from China, the country's biggest wool buyer. The price for clean 27-micron wool rose to $9.55 a kilogram at yesterday's So...
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