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While you were sleeping: Rate chatter rises
By Margreet Dietz Aug. 21 (BusinessDesk) - Wall Street advanced, while US Treasuries fell as investors await Federal Reserve Chair Janet Yellen’s speech this Friday at the annual gathering of the world’s top central bankers in Jackson Hole for her take on the outlook for highe...
Ports of Auckland FY profit almost doubles as volumes rise, costs kept at bay
By Jonathan Underhill Aug. 20 (BusinessDesk) - Ports of Auckland posted a 90 percent gain in full-year profit, after lifting volumes of containers and breakbulk freight while reining in costs and using offsets to reduce its tax bill. Profit rose to about $74 million in the...
MARKET CLOSE: NZ stocks rise, Fletcher, Trade Me gain on earnings relief
By Suze Metherell Aug. 20 (BusinessDesk) - New Zealand shares rose as Fletcher Building and Trade Me Group beat full-year profit guidance. Energy companies fell on weaker political polls ahead of next month's election. The NZX 50 Index rose 26.126 points, or 0.5 percent, to...
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