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NZ dollar may fall as Cyprus deal raises spectre of bank run across Europe
By Paul McBeth March 26 (BusinessDesk) - The New Zealand dollar may fall if a bank run in heavily indebted nations emerges after a lifeline thrown to Cyprus saw a major bank shut down and will leave uninsured depositors facing losses. The kiwi traded at 84.44 US cents at 5pm i...
NZRU posts 1st operating profit in five years as AIG sponsorship makes difference
By Paul McBeth March 26 (BusinessDesk) - The New Zealand Rugby Union has posted its first annual operating profit since 2008, beating its own target, helped by a five-and-a-half year deal with global insurer AIG. The NZRU made an operating profit of $3.2 million in the 12 mont...
Abano forecasts FY sales growth up to 1.3 percent , jump in net profit
March 26 (BusinessDesk) – Abano Healthcare Group, which invests in specialty health clinics, forecasts growth in full-year sales and profit driven by the expansion of its dental business. The shares rose 3.8 percent. Sales are forecast at $207 million to $209 million for the 12...
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