US earnings season starts amid glimmers of hope on trade, Brexit

US earnings season starts amid glimmers of hope on trade, Brexit
Jenny Ruth
The US company reporting season about to get underway will provide the latest readings on how the world's largest economy is performing amid all the geopolitical headwinds. It's not likely to paint the brightest picture – analysts are predicting a third successive quarter of earnings decline for the companies within the S&P 500 Index. This is as the increasingly gloomy clouds, such as the US-China trade war and Britain's Brexit paroxysms, suddenly displayed patches of clear blue sky over the weekend. The US share market had already clo...

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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
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RBNZ could hint cuts may come sooner

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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