MARKET CLOSE: NZ shares join global Trump rally, lacklustre earnings stifle gains
By Paul McBeth March 2 (BusinessDesk) - New Zealand shares rose, joining a global rally as US President Donald Trump's proposed US$1 trillion of infrastructure spending and aspirations to drive American economic growth stoked investor optimism. Summerset Holdings and Metlifeca...
Rising household debt a worry on prospect of higher interest rates, NZIER says
By Paul McBeth March 2 (BusinessDesk) - New Zealand households are now borrowing more relative to their disposable incomes than they did before the global financial crisis when a red-hot housing market was encouraging consumers to tack a little onto the mortgage to pay for big...
Westland Milk elects long-serving farmer Pete Morrison as new chairman
By Paul McBeth March 2 (BusinessDesk) - Westland Milk Products named Pete Morrison as its new chairman, who wants to help revive the milk processor's fortunes after a poor year. Morrison was first elected to the board in 2015 and has been a shareholder since the cooperativ...
'Modest investment' in power generation needed from 2018 to shore up supply, Transpower says
By Paul McBeth March 2 (BusinessDesk) - New Zealand's power system will need some "modest investment" from next year to shore up the security of supply with the closure of several thermal energy plants, and will need to step up from 2022 once Genesis Energy's coal-fuelled powe...
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