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NZ manufacturing activity slows in June, PMI shows
By Hannah Lynch July 12 (BusinessDesk) - New Zealand's manufacturing sector fell in June, shedding last month's gains, though activity continued to expand. The BNZ-BusinessNZ Performance of Manufacturing Index fell a seasonally adjusted 5.6 points to 50.2 in June from a month...
NZ dollar pares gains from 80 cents after Fed fails to give explicit stimulus signal
By Jonathan Underhill July 12 (BusinessDesk) - The New Zealand dollar fell from near 80 US cents after the minutes of the Federal Reserve’s June meeting failed to give any explicit signal on further stimulus for the world’s biggest economy, sapping the appeal of growth-linked cu...
Carter Group boss picks up Torchlight stake in Heartland
By Paul McBeth July 12 (BusinessDesk) - Philip Carter, of Christchurch property investor Carter Group, has emerged as a major investor in would-be bank Heartland New Zealand after buying an $8 million stake from Pyne Gould's Torchlight Investment Group yesterday. Carter, who a...
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