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MARKET CLOSE NZ shares rise, led by Skellerup, NZR on results, outlook
Aug. 23 (BusinessDesk) - New Zealand shares rose, led by Skellerup Holdings, after the rubber goods manufacturer posted record earnings, while NZ Refining gained on comments its refinery margins have improved after shrinking last year. The NZX 50 Index rose 4.96 points, or 0.1...
NZ dollar rises to 2-week high as Fed minutes fuel QE3 expectations
By Paul McBeth Aug. 23 (BusinessDesk) - The New Zealand dollar rose to a two-week high in local trading, extending its rally after minutes for the last Federal Reserve policy makers' meeting fuelled expectations the central bank will embark on a third round of money printing to...
NZ Refining turns to first-half loss on slimmer refinery margin, high kiwi
Aug. 23 (BusinessDesk) - New Zealand Refining, which operates the nation’s only oil refinery, turned to a first-half loss as its refinery margin shrank and a high kiwi dollar ate into its processing fee revenue. The net loss was $1.5 million in the six months ended June 30, fro...