All News

NZ dollar heading for 1.5% weekly decline; eyes on Jackson Hole

NZ dollar heading for 1.5% weekly decline; eyes on Jackson Hole

By Rebecca Howard Aug. 25 (BusinessDesk) - The New Zealand dollar was headed for a weekly drop of 1.5 percent after weaker forecasts for economic growth and budget surpluses from Treasury and ahead of headlines out of the central banker's symposium in Jackson Hole.  The kiw...

Rebecca Howard 25 Aug 2017
Marsden Maritime annual profit slips 17% on smaller property value gains

Marsden Maritime annual profit slips 17% on smaller property value gains

By Paul McBeth Aug. 25 (BusinessDesk) - Marsden Maritime Holdings, which owns half of the Marsden Point-based Northport, reported a 17 percent drop in annual profit as it reaped smaller gains on the value of its investment properties and marina operations.  Net profit fell...

Paul McBeth 25 Aug 2017
CORRECT: KiwiRail's net loss widens and operating surplus falls on earthquake impact

CORRECT: KiwiRail's net loss widens and operating surplus falls on earthquake impact

(Fixes CEO name in 6th paragraph, headquarters in 2nd paragraph) By Rebecca Howard Aug. 25 (BusinessDesk) -  KiwiRail, the state-owned rail and freight operator, said its full year net loss widened while the operating surplus sank by almost a third due to the impact of the...

Rebecca Howard 25 Aug 2017