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Warehouse raises $100 mln from institutions for financial services expansion
March 7 (BusinessDesk) - Warehouse Group, the country’s biggest listed retailer, successfully raised $100 million from institutional investors to help fund its drive into financial services. The Auckland-based company sold the shares at $3.23, an 11 percent discount to its las...
NZ dollar surges to 6-year high vs. yen as investors favour buoyant local economy
By Tina Morrison March 7 (BusinessDesk) – The New Zealand dollar surged to a six-year high against the yen as investors favoured higher yielding risk sensitive assets. The kiwi touched 87.57 yen this morning, its highest level since February 2008, and was trading at 87.33 yen...
While you were sleeping Solid US jobless claims
By Margreet Dietz March 7 (BusinessDesk) – Wall Street climbed, pushing the Standard & Poor’s 500 Index to a fresh record high, after better-than-expected US jobs data bolstered optimism about the pace of recovery in the world’s largest economy. Initial jobless claims dropped...
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