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NZ inflation expectations dwindle as shine taken off economic growth
By Jonathan Underhill Aug. 19 (BusinessDesk) - New Zealand businesses see a tamer track for inflation over the next two years as they trim their expectations for economic growth, suggesting the central bank doesn't have to rush to raise interest rates again. The consumers p...
IAG's New Zealand unit boosts annual profit 56%
By Tina Morrison Aug. 19 (BusinessDesk) - Insurance Australia Group's New Zealand unit, the nation's largest general insurer, boosted annual profit 56 percent after hiking household premiums, increasing customer sales through the internet and as a higher local currency boosted...
Sir Ralph Norris to take up Fletcher chair in October
By Paul McBeth Aug. 19 (BusinessDesk) - Sir Ralph Norris, the former head of Commonwealth Bank of Australia, will take the chair of Fletcher Building in October, replacing the retiring Ralph Waters. Fletcher today announced Norris would take over as chairman on Oct. 21, hav...
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