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Strong June qtr GDP growth should quell rate cut risk
By Rebecca Howard Sept. 14 (BusinessDesk) - Strong economic growth should calm expectations for a possible rate cut this year. Second quarter gross domestic product grew 0.8 percent for an annual gain of 2.5 percent, according to a Bloomberg survey of 16 economists. The Res...
Former Summerset chief Norah Barlow to head Heritage Lifecare
By Paul McBeth Sept. 14 (BusinessDesk) - Former Summerset Group chief executive Norah Barlow will return to the domestic aged care sector in November to head mid-market player Heritage Lifecare. Heritage Lifecare wants Barlow to lead the company through its next stage of g...
Renewables, market power may force electricity generation market change - academic
By Gavin Evans Sept. 14 (BusinessDesk) - New Zealand may have to consider changing its wholesale electricity market as increasing volumes of solar and wind energy make it harder to fund traditional large-scale generation, an Auckland academic says. The falling cost of wind...
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