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F and P Finance boosts FY profit 20 percent on lending growth, cheaper debentures
July 15 (BusinessDesk) - Fisher & Paykel Finance, whose parent F&P Appliances was bought out by China’s Haier last year, boosted annual profit 20 percent on lending growth on its Q Card and cheaper funding from its debentures. Net profit rose to $19.9 million in the 12 months e...
NZX’s Smartshares unit eyes new ETFs targeting global equity, bonds, possibly energy
July 15 (BusinessDesk) – Smartshares, the NZX unit that offers exchange-traded funds and a low-cost KiwiSaver product that invests in them, is planning to launch three new ETFs targeting global equities, bonds and possibly the New Zealand energy sector. Smartshares currently ha...
World Week Ahead US earnings focus
By Margreet Dietz July 15 (BusinessDesk) – All eyes are set for the latest round of US corporate earnings after Federal Reserve Chairman Ben Bernanke finally managed to reassure investors that the central bank's stimulus effort is not going to evaporate any time soon. Markets...
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