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RBNZ's Wheeler warns against excessive credit growth, farm debt uncomfortably high
By Paul McBeth Nov. 7 (BusinessDesk) - Reserve Bank governor Graeme Wheeler has warned excessive credit growth may trip up New Zealand's economic rebalancing and has singled out agricultural debt as being uncomfortably high in the latest financial stability report. Credit grow...
NZ dollar gains with dairy prices as US votes
Nov. 7 (BusinessDesk) – The New Zealand dollar rose after prices gained in Fonterra’s latest sale of dairy products, the nation’s biggest export, and as America votes for the next president of the world’s biggest economy. The kiwi dollar rose to 82.84 US cents from 82.61 cents...
Acurity Health 1H earnings fall 25 percent as Bowen upgrade costs weigh; warns on annual profit
By Paul McBeth Nov. 5 (BusinessDesk) - Acurity Health, the private hospital operator formerly known as Wakefield Health, reported a 25 percent drop in first-half earnings as the cost of upgrading its Bowen Hospital site weighed on the bottom line. It expects annual profit will f...
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