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Suncorp in no rush to ditch Tower stake, but not a long-term holder
By Paul McBeth Feb. 16 (BusinessDesk) - Suncorp New Zealand doesn't see itself as a long-term shareholder in rival Tower after its $236 million takeover was rejected by the Commerce Commission but isn't interested in a fire sale. The local unit of ASX-listed Suncorp Group...
NZ dollar gains as evidence of emerging US inflation fails to arrest greenback's slide
By Jonathan Underhill Feb. 16 (BusinessDesk) - The New Zealand dollar rose, briefly climbing above 74 US cents, as signs of emerging inflation pressures in the US failed to halt the greenback's slide to a 15-month low vs the yen. The kiwi rose to 73.95 US cents as at 8am in...
While you were sleeping: Wall St gains on solid earnings
By Margreet Dietz Feb. 16 (BusinessDesk) - Wall Street climbed as investors focused on upbeat corporate earnings such as from Cisco Systems. In 1.35pm trading in New York, the Dow Jones Industrial Average climbed 0.6 percent, while the Nasdaq Composite Index gained 1 percen...
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