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NZ dollar little changed as hopes grow for clear signal on US rates from Yellen
By Jonathan Underhill Aug. 26 (BusinessDesk) - The New Zealand dollar was little changed, holding above 73 US cents as traders debate whether Federal Reserve chair Janet Yellen will give a clear signal on the timing and pace of US interest rate hikes when she addresses fellow...
TVNZ annual profit sinks 55%; resumes full dividend payment
By Paul McBeth Aug. 26 (BusinessDesk) - Television New Zealand reported a 55 percent fall in annual profit as it booked losses from foreign exchange markets and faced declining revenue. Still, it resumed full dividend payments as it nears the end of refurbishing its Auckland h...
Cavalier returns to full-year profit after year-earlier impairments; revenue falls
By Jonathan Underhill Aug. 26 (BusinessDesk) - Cavalier Corp, the carpet maker, returned to profit in 2016 after a year-earlier loss from assets impairments although sales in the latest period were down 12 percent. Profit was $3.1 million in the year ended June 30, from a l...
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