All News

NZ dollar falls as Fed chair Powell's upbeat economic outlook prompts US rate rethink

NZ dollar falls as Fed chair Powell's upbeat economic outlook prompts US rate rethink

By Paul McBeth Feb. 28 (BusinessDesk) - The New Zealand dollar fell after Federal Reserve chair Jerome Powell's optimistic assessment of the US economy gave investors reason to second-guess their interest rate outlooks, pushing yields on US Treasuries higher and stoking demand...

Paul McBeth 28 Feb 2018
Tower settles with reinsurer Peak Re over policy dispute

Tower settles with reinsurer Peak Re over policy dispute

By Paul McBeth Feb. 28 (BusinessDesk) - Tower has reached a settlement with reinsurer Peak Re over a dispute relating to its 2015 adverse conditions cover, and will get about half what it's claimed.  Auckland-based Tower will receive $22 million of the $43.8 million claimed...

Paul McBeth 28 Feb 2018
Finney quits chief information officer role at Fletcher that was created by former CEO Adamson

Finney quits chief information officer role at Fletcher that was created by former CEO Adamson

By Jonathan Underhill Feb. 28 (BusinessDesk) - Fletcher Building's chief transformation officer Lee Finney has resigned two years after being appointed in what was then a new position by former chief executive Mark Adamson. Current CEO Ross Taylor said Lee had "led a number...