By Rebecca Howard Feb. 7 (BusinessDesk) - New Zealand inflation expectations for the next two years have increased, a Reserve Bank survey shows, likely adding to the view that the central bank may lift its projected track for interest rates in Thursday's monetary policy statem...

By Rebecca Howard Feb. 7 (BusinessDesk) - Kathmandu Holdings said first-half profit was slightly higher from a year earlier, partly bolstered by solid same store sales growth. The Christchurch-based outdoor equipment chain said net profit was $9.9 million on year in the six...

By Rebecca Howard Feb. 3 (BusinessDesk) - The New Zealand dollar continued to ease back Friday ahead of a three-day weekend on signs that a recent rally may be running out of steam. The kiwi dollar fell to 72.73 US cents as at 5 pm from 72.85 at 8 am and 72.98 US cents late...

By Rebecca Howard Feb. 3 (BusinessDesk) - The Reserve Bank's view on where interest rates might go down the track will be the focus of attention at next Thursday's rate review, given it's widely expected to keep rates on hold at a record low 1.75 percent.  All 10 economist...

By Rebecca Howard Feb. 3 (BusinessDesk) - Plexure Group, the digital advertising firm formerly known as VMob, raised $1.6 million through an issue of convertible notes and the funds will be used to support ongoing operations. The notes have a face value of $1 per note and a...

By Rebecca Howard Feb. 3 (BusinessDesk) - A strike at Lyttelton Port Co's container terminal will go ahead this weekend despite positive talks with the Maritime Union of New Zealand.  The planned industrial action for Feb. 11 and Feb. 12 will proceed, and the Maritime Union...

(Updates to add share price, comment from fund manager and company conference call)  By Rebecca Howard Feb. 3 (BusinessDesk) - Metro Performance Glass shares dropped 17.5 percent after the company said annual profit was likely to be similar or lower than the prior year as c...

By Rebecca Howard Feb. 3 (BusinessDesk) - Metro Performance Glass, which has more than half the country's glass processing market, said annual net profit was likely to be similar or even lower than the prior year as local sales lagged behind expectations with dwindling work in...

By Rebecca Howard Feb. 2 (BusinessDesk) - The New Zealand dollar fell against the Aussie dollar after Australia posted a record trade surplus in December, stoking optimism about the outlook for economic growth across the Tasman. The kiwi dollar fell to 95.52 Australian cent...

By Rebecca Howard Feb. 2 (BusinessDesk) - New Zealand's two largest telecommunications retailers, Spark New Zealand and Vodafone New Zealand, lagged the field for customer satisfaction in the latest telco survey from Consumer NZ. Out of seven internet companies included in...

By Rebecca Howard Feb. 1 (BusinessDesk) - The New Zealand dollar fell after figures showed the jobless rate unexpectedly rose in the fourth quarter while wage inflation remained tepid, detracting from the case for Reserve Bank rate hikes starting this year. The New Zealand...

(Recasts and adds economists' comments) By Rebecca Howard Feb. 1 (BusinessDesk) –  New Zealand’s unemployment rate pushed back above 5 percent on the back of an ongoing surge in net migration but the news is unlikely to ruffle any feathers at the central bank as the labour...

By Rebecca Howard Feb. 1 (BusinessDesk) - A large number of people entering New Zealand's workforce pushed the unemployment rate back above 5 percent but also meant the labour force participation rate reached an all-time high, data from Statistics New Zealand shows.  The un...

By Rebecca Howard Jan. 31 (BusinessDesk) - The New Zealand dollar gained as US President Donald Trump's latest policy decisions unsettled markets and weighed on the greenback. The kiwi rose to 72.86 US cents as at 5 pm in Wellington from 72.65 cents late yesterday. The trad...

By Rebecca Howard Jan. 31 (BusinessDesk) - The Overseas Investment Office has given Australian-controlled Home Care BidCo Pty a green light to buy up to 40 percent of leading home health and disability services provider Healthcare of New Zealand Holdings in a deal worth more t...

Jan. 26 (BusinessDesk) - Strike action is still looming at Lyttelton Port Co's container terminal after further mediation failed to reach a settlement although talks are continuing Friday, the port said in an emailed customer notice.  "The current strike notices have not been...

By Rebecca Howard Jan. 26 (BusinessDesk) - The New Zealand dollar gained Thursday as investors were cheered by stronger-than-expected inflation data although some profit-taking capped gains.  The kiwi rose to 72.84 US cents from 72.47 US cents as at 8 am in Wellington and 7...