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MARKET CLOSE NZ shares snap 8-day advance; Diligent, Xero fall

MARKET CLOSE NZ shares snap 8-day advance; Diligent, Xero fall

July 16 (BusinessDesk) – New Zealand shares fell, snapping an eight-day advance, as Diligent Board Member Services and Xero fell, while concerns about a weak Australian dollar weighed on Michael Hill International and Fletcher Building ahead of earnings season. The NZX 50 Inde...

16 Jul 2013
NZ dollar edges up as tepid inflation keeps rate hike pressure off RBNZ

NZ dollar edges up as tepid inflation keeps rate hike pressure off RBNZ

By Paul McBeth July 16 (BusinessDesk) - The New Zealand dollar edged up in local trading as the lowest annual pace of inflation in 14 years gives the Reserve Bank room to keep interest rates on hold, as rising construction costs stay contained. The kiwi rose to 78.28 US cents...

16 Jul 2013
NZ corporate earnings may miss expectations, AMP Capital says

NZ corporate earnings may miss expectations, AMP Capital says

By Paul McBeth July 16 (BusinessDesk) - New Zealand corporate earnings may fall short of investors’ expectations with the reporting season for June balance dates bearing down next month. Locally-listed companies’ valuations may start coming off the boil as the price-to-earning...

16 Jul 2013