Domestic AGMs, multi-national earnings to provide economic insights

Domestic AGMs, multi-national earnings to provide economic insights
Jenny Ruth
Annual meetings will dominate the domestic corporate news flow this week and corporate earnings reports from some global household names will provide an insight into how the world economy is faring. “We will get more pieces of the puzzle that will add to the economic backdrop,” says Mark Lister, head of wealth research at Craigs Investment Partners. “Those big global multinationals, such as 3M, Caterpillar and Amazon, will give us a really up-to-the-minute finger on the pulse read of where the global economy is at,” he says. Other mult...

More Economy

NZIER's Shadow Board predicts RBNZ will hold, with one exception
Economy

NZIER's Shadow Board predicts RBNZ will hold, with one exception

The New Zealand Institute of Economic Research’s Shadow Board expects the Reserve Bank of NZ to hold the official cash rate at 5.5% for another year, although one member did call for a hike this week. “While inflation pressures are still high and the labour market remains strong,...

RBNZ could hint cuts may come sooner
Economy

RBNZ could hint cuts may come sooner

The RBNZ will announce its latest decision at 2pm on Wednesday. 

Briscoe Group says tax changes will hit FY net profit by $7.4m
Retail

Briscoe Group says tax changes will hit FY net profit by $7.4m

New legislation affects depreciation on commercial buildings.  

Rebecca Howard 05 Jul 2024
Core Crown tax revenue higher than expected in May accounts
Economy

Core Crown tax revenue higher than expected in May accounts

Government tax intake is $1.57 billion higher than forecast, according to the latest Crown accounts.Treasury released the interim financial statements for the 11 months ended May 31 on Wednesday morning, which showed core Crown tax revenue was $111.12b.This was 1.4% more than the...

Staff reporters 04 Jul 2024