
(Corrects spelling of Westpac economist Satish Ranchhod) By Jonathan Underhill Sept. 28 (BusinessDesk) - New Zealand employment confidence turned pessimistic in the third quarter, falling to a three-year low, with fewer workers expecting a pay rise in a labour market where...

By Jonathan Underhill Sept. 28 (BusinessDesk) - The New Zealand dollar fell from its highest level in a week after two Federal Reserve officials followed chair Janet Yellen in expressing their preference for the start of interest rate hikes this year. The kiwi fell to 63.61...
By Margreet Dietz Sept. 28 (BusinessDesk) - The coming week is filled with speeches by US Federal Reserve policy makers including Chair Janet Yellen, on Wednesday, as well as a slew of economic data including the government's monthly jobs report. Wall Street rebounded on F...
By Jonathan Underhill Sept. 25 (BusinessDesk) - New Zealand shares rose, as Xero gained and the Fonterra Shareholders' Fund advanced for a second day on the dairy cooperative's improved earnings and stronger forecast milk payout. Pumpkin Patch sank to a record low after cuttin...
By Jonathan Underhill Sept. 25 (BusinessDesk) - Pumpkin Patch delayed the release of its 2015 results and said provisioning means it will miss earnings guidance and post a bigger net loss, which has forced the children's clothing retailer into talks with its lender, ANZ Bank N...
By Jonathan Underhill Sept. 24 (BusinessDesk) - The New Zealand dollar rose after Fonterra Cooperative Group lifted its forecast payout to farmers, reducing the prospects of the rural sector slowing the economy, and after China's Guoxin International Co committed to raising s...
Sept. 24 (BusinessDesk) - Fonterra Cooperative Group, the world's biggest dairy exporter, raised its forecast milk payout from a decade low after posting a jump in full-year profit driven by improved returns from its consumer and food service businesses, and improved margins from...
By Jonathan Underhill Sept. 24 (BusinessDesk) - The New Zealand dollar rose on an improved forecast payout by Fonterra Cooperative Group spurred the currency higher against most of the other cross rates, reversing an overnight slide against the greenback as global markets refl...
By Jonathan Underhill Sept. 23 (BusinessDesk) - The New Zealand dollar extended its decline after a measure of Chinese manufacturing plunged to the lowest level since March 2009, driving down stock markets across Asia and weighing on growth-linked currencies such as the kiwi....