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Wellington Drive says profit in 2013 ‘challenging’, seeks funding partner
Aug. 29 (BusinessDesk) - Wellington Drive Technologies, which makes energy-efficient motors, narrowed its first-half loss and said achieving a profit in 2013, its first since listing in 2001, will be “challenging” given the weak outlook for Europe The Auckland-based company had...
NZ dollar falls to 2 12-month low vs euro after EU hints at Spanish rescue
By Hannah Lynch Aug. 29 (BusinessDesk) - The New Zealand dollar fell to a two and a half month low against the euro after European Union President Herman Van Rompuy said the region’s rescue fund is ready for rapid action to aid Spanish banks. The New Zealand dollar fell to 63.9...
While you were sleeping Eyes on Bernanke
By Margreet Dietz Aug 29 (BusinessDesk) - Wall Street was mixed as investors by and large chose to remain on the sidelines in anticipation of Federal Reserve Chairman Ben Bernanke's address to a conference of central bankers in Jackson Hole, Wyoming at the end of the week. Econ...
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