Recent Posts

World Week Ahead: Bulls bounce back

A slew of US corporate earnings and Chinese economic data will form the key focus in the coming days as Friday’s rebound could not prevent Wall Street from sliding for a fourth consecutive week amid concern about global growth. Among US companies reporting quarterly results in the coming days are Apple, IBM, Boeing, McDonald’s, Coca-Cola, Amazon, and Caterpillar. Friday’s jump …

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HeliPro director calls in receivers

Rick Lucas Helicopters, which owns the red helicopter tourism company HeliPro, has been tipped into receivership by its director. Sole director of the business Rick Lucas appointed PwC partners John Fisk and David Bridgman as receivers for the Palmerston North-based company and its related businesses, the accounting firm said in a statement. The HeliPro business employs 70 people and has 35 helicopters across its …

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NZ dollar gains as markets dig in for more Fed news

The New Zealand dollar gained as markets dial back their support for the US dollar as they await more information from the US Federal Reserve on its plans to shift away from running a zero interest rate policy. The kiwi rose to 78.31 US cents at 8am in Wellington from 77.96 cents yesterday. The trade-weighted index was little changed at 77.19 …

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