Recent Posts

NZ dollar slips below 87 US cents as US dollar rebounds

The New Zealand dollar slipped from its recent highs above 87 US cents as the US dollar rebounded during the weekend. The kiwi softened to 86.93 US cents at 8am in Wellington, from 86.96 cents at the New York close and 87.20 cents in Wellington on Friday. The trade-weighted index edged lower to 81 from 81.04 on Friday. The US …

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World Week Ahead: Data key to rally

Wall Street is at record highs, backed by the US Federal Reserve’s ongoing commitment to providing easy money to help accelerate the economic recovery, and investors will be looking to a flurry of fresh data to provide further impetus. Today, investors will eye the release of the latest China manufacturing purchasing managers’ index to gauge if the world’s second largest …

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Diligent 1Q profit jumps 58% as sales increase 40%

Diligent Board Member Services, the governance app maker which was forced to restate its financial statements, posted a 58 percent rise in first quarter profit as it increased the number of Diligent Boardbooks users. Profit jumped to US$1.94 million in the three months ended March 31, from US$1.23 million a year earlier, the New York-based and locally listed company said in a statement. First quarter …

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