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CORRECT Fletcher puts strategy under microscope seeking $70M annual gain, will shed jobs
(Adds dropped millions in fifth paragraph) Feb. 20 (BusinessDesk) – Fletcher Building chief executive Mark Adamson, in the job for just four months, has embarked on a review of the company’s business model aiming to find $70 million a year in additional earnings from centralisin...
NZ dollar sinks after RBNZ's Wheeler outlines intervention criteria
By Paul McBeth Feb. 20 (BusinessDesk) - The New Zealand dollar shed more than half a US cent after Reserve Bank governor Graeme Wheeler outlined the central bank's criteria to intervene in currency markets, and said he was prepared to act when those were met. The kiwi fell to...
Kiwi falls as RBNZ's Wheeler pledges intervention 'when circumstances are right'
By Paul McBeth Feb. 20 (BusinessDesk) - Reserve Bank governor Graeme Wheeler has told manufacturers he will intervene in currency markets if the circumstances will let him smooth the peaks and troughs, though he can't set the level of the currency. The kiwi dropped half a US cen...
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