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Turners Auctions loses contract to sell wrecks for IAG, denting profit
March 7 (BusinessDesk) - Turners Auctions has lost the contract to sell damaged vehicles for Insurance Australian Group, New Zealand’s largest general insurer, eliminating a revenue line that generates more than 15 percent of profit. Auckland-based Turners currently has 555 dam...
NZ dollar slips as US ADP jobs report aids greenback; ECB, BOE loom
March 7 (BusinessDesk) – The New Zealand dollar fell back below 83 US cents after a US private sector jobs report came in stronger than expected, stoking speculation the Federal Reserve will curtail its money printing sooner than has been projected. The kiwi dollar fell to 82.8...
While you were sleeping Dow extends record run
By Margreet Dietz March 7 (BusinessDesk) - After hitting a fresh intraday high, the Dow Jones Industrial Average gave up some of those gains as investors looked for a fresh catalyst to extend the rally. In afternoon trading in New York, the Dow Jones Industrial Average was last...
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