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Increased Canterbury quake costs pushed Tower into the red this year

Increased Canterbury quake costs pushed Tower into the red this year

By Paul McBeth Nov. 20 (BusinessDesk) - Tower, the general insurer, says it will report an annual loss next week after raising its provisioning for the cost of the Canterbury earthquake caused by more expensive repairs and rebuilds from its outstanding claims. The Auckland-...

Paul McBeth 19 Nov 2015
NZ dollar tests 66 US cents as traders pull back bets on US dollar's advance

NZ dollar tests 66 US cents as traders pull back bets on US dollar's advance

By Tina Morrison Nov. 20 (BusinessDesk) - The New Zealand dollar rose, hovering just shy of 66 US cents, as investors pulled back their bets for the greenback's advance after minutes to the last Federal Reserve policy meeting reiterated that a US interest rate hike is likely n...

Tina Morrison 19 Nov 2015
While you were sleeping: Gradualism embraced

While you were sleeping: Gradualism embraced

By Margreet Dietz Nov. 20 (BusinessDesk) - The US dollar slid, while Wall Street and US Treasuries gained, amid expectations that Federal Reserve interest rate increases will be gradual.  Minutes from the Fed’s October meeting, released Wednesday, reassured investors.  “...

Margreet Dietz 19 Nov 2015
MARKET CLOSE: NZ shares rise, led by TradeMe; Westpac, ANZ gain with ASX rally

MARKET CLOSE: NZ shares rise, led by TradeMe; Westpac, ANZ gain with ASX rally

Sophie Boot 19 Nov 2015
NZ dollar squeezes higher after Fed minutes hold no new clues on rate track

NZ dollar squeezes higher after Fed minutes hold no new clues on rate track

Paul McBeth 19 Nov 2015
McIntosh's behaviour showed he wasn't aware of RAM problems, Appeal Court told

McIntosh's behaviour showed he wasn't aware of RAM problems, Appeal Court told

Jonathan Underhill 19 Nov 2015
Kathmandu increases CEO incentive targets, citing company's weak performance

Kathmandu increases CEO incentive targets, citing company's weak performance

Sophie Boot 19 Nov 2015
Veritas affirms annual earnings guidance, says Nosh turnaround expected next year

Veritas affirms annual earnings guidance, says Nosh turnaround expected next year

Sophie Boot 18 Nov 2015
Fonterra exits Dairy Farmers of America joint venture, retains supply deal

Fonterra exits Dairy Farmers of America joint venture, retains supply deal

Paul McBeth 18 Nov 2015
NZ sheep, beef farmers reap higher output prices in September quarter

NZ sheep, beef farmers reap higher output prices in September quarter

Paul McBeth 18 Nov 2015
NZ's export education reputation at risk from Indian student exploitation

NZ's export education reputation at risk from Indian student exploitation

Pattrick Smellie 18 Nov 2015
Minister Goldsmith eyes fake building company wind downs, Ponzi clawbacks

Minister Goldsmith eyes fake building company wind downs, Ponzi clawbacks

Paul McBeth 18 Nov 2015
Rakon turns to 1H profit, annual earnings likely to be flat

Rakon turns to 1H profit, annual earnings likely to be flat

Tina Morrison 18 Nov 2015
Turners lifts profit 50%, announces share buybacks, seeks acquisitions

Turners lifts profit 50%, announces share buybacks, seeks acquisitions

Sophie Boot 18 Nov 2015
Trustpower cuts up to A$70M off the value of its SA windfarm, Snowtown

Trustpower cuts up to A$70M off the value of its SA windfarm, Snowtown

Pattrick Smellie 18 Nov 2015
Precision Microcircuits partners with ultrasound pioneer Maev for portable brain trauma device

Precision Microcircuits partners with ultrasound pioneer Maev for portable brain trauma device

Jonathan Underhill 18 Nov 2015
NZ dollar edges higher as Fed minutes reiterate December rate hike bias

NZ dollar edges higher as Fed minutes reiterate December rate hike bias

Tina Morrison 18 Nov 2015
While you were sleeping: Goldman lifts Apple shares

While you were sleeping: Goldman lifts Apple shares

Margreet Dietz 18 Nov 2015
Napier Port posts 3.7% decline in annual profit on added cost of terminal expansion

Napier Port posts 3.7% decline in annual profit on added cost of terminal expansion

Paul McBeth 18 Nov 2015
Sanford annual profit drops 38% after writing down and exiting unprofitable units

Sanford annual profit drops 38% after writing down and exiting unprofitable units

Paul McBeth 18 Nov 2015
MARKET CLOSE: NZ shares rise, led by Xero, A2 Milk; Coats drops on de-listing

MARKET CLOSE: NZ shares rise, led by Xero, A2 Milk; Coats drops on de-listing

Sophie Boot 18 Nov 2015
NZ dollar may extend decline vs. Australian dollar after dairy prices fall

NZ dollar may extend decline vs. Australian dollar after dairy prices fall

Paul McBeth 18 Nov 2015
ProTen eyes Australia, Asia expansion; mulls ASX listing

ProTen eyes Australia, Asia expansion; mulls ASX listing

Tina Morrison 18 Nov 2015
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