NZX50 drops 1.6% as Wall Street slides on rising inflation expectations
By Rebecca Howard Feb. 5 (BusinessDesk) - New Zealand shares took an early tumble, tracking a sharp fall on Wall Street on Friday after strong US jobs data fuelled concerns US inflation will accelerate faster. The benchmark S&P/NZX50 Index fell 131.8 points, or 1.6 percent...
NZME, Fairfax to appeal High Court decision upholding blocked merger
By Rebecca Howard Feb. 5 (BusinessDesk) - NZME and Fairfax Media Group will appeal a High Court decision upholding their blocked merger and will focus on the issue of plurality. "After careful review and analysis of the High Court's reasons, the companies continue to believ...
NZX share trading almost doubles in January
By Rebecca Howard Feb. 5 (BusinessDesk) - New Zealand share trading surged on the NZX in January and values also pushed higher as low interest rates continue to fuel interest in the market given limited returns for debt securities and bank deposits. Total equity trades on...
NZ dollar falls as weak inflation weighs on rate expectations; greenback still under pressure
By Rebecca Howard Jan. 25 (BusinessDesk) - The New Zealand dollar fell as weaker-than-expected inflation figures dashed expectations the Reserve Bank might have raised interest this year, although the greenback remained out of favour over US Treasury Secretary Steven Mnuchin's...
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