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NZ dollar holds gains as Bernanke sticks to slow tapering story
By Paul McBeth Nov. 20 (BusinessDesk) - The New Zealand dollar held gains in local trading after departing US Federal Reserve chair Ben Bernanke said the central bank can be patient about removing its massive stimulus programme until economic recovery is in full-swing, ahead of...
Sanford full-year pretax earnings slip 5 percent as mussels, tuna, mackerel weigh on second half
Nov. 20 (BusinessDesk) – Sanford, New Zealand’s largest listed seafood company, posted a 5 percent decline in full-year pretax earnings as production of mussels and lower catches of tuna and jack mackerel weighed on the second half performance. Earnings before interest, tax, de...
Knauf takes on Fletcher in plasterboard market as NZ mulls high costs of building
By Tina Morrison Nov. 18 (BusinessDesk) – Knauf, the world’s second-largest plasterboard maker, may build a factory in New Zealand, adding to a chain of independent stores it is setting up to try to loosen what it says is Fletcher Building’s grip on the market and dominance in...
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