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NZ dollar heading for 2% weekly gain as prospect of static US rates scales back greenback bets
By Paul McBeth Feb. 26 (BusinessDesk) - The New Zealand dollar is heading for a 2 percent gain against the greenback as investors continue to scale back their bets on the world's reserve currency on the increasing chance US interest rates won't rise as far or as fast as previo...
Motor maker Wellington Drive narrows full-year loss, improves sales and cost control
By Fiona Rotherham Feb. 26 (BusinessDesk) - Wellington Drive Technologies, the maker of energy efficient motors, has reported a smaller loss with increased sales and better inventory and cost control. The net loss was $2.3 million for calendar 2015, compared to a loss of $4...
Futures point to stronger dairy prices in next week's GlobalDairyTrade auction
By Tina Morrison Feb. 26 (BusinessDesk) - The price for New Zealand's key dairy product, whole milk powder, looks set to advance at next week's GlobalDairyTrade auction for the first time this year, according to traders who are pricing in an increase on the NZX futures market....
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