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GeoOp narrows full-year loss, meets guidance for post-InterfaceIT revenue
By Jonathan Underhill Aug. 30 (BusinessDesk) - GeoOp, the NZAX-listed management app developer, narrowed its full-year loss and met guidance for revenue, based on pro-forma numbers that assume the inclusion of InterfaceIT. The company plans to raise as much as $4 million to su...
NZ dollar edges up as traders await data for clues on Fed rate hikes
By Jonathan Underhill Aug. 30 (BusinessDesk) - The New Zealand dollar rose as traders await economic data that may provide clues to the timing of US interest rate hikes after US Federal Reserve officials revived expectations of a move this year. The kiwi traded at 72.54 US...
While you were sleeping: Solid US consumer spending
By Margreet Dietz Aug. 30 (BusinessDesk) - Wall Street strengthened, edging closer to fresh record highs, as a report on US consumer spending underpinned Federal Reserve officials’ comments that an interest rate hike might be warranted soon. A Commerce Department report sh...