NZD weakens after Trump steps up pressure on China
By Rebecca Howard | Sun, 05 May 2019
By Rebecca Howard May 6 (BusinessDesk) - The New Zealand dollar weakened after US President Donald Trump stepped up the pressure on China and as investors await rate decisions here and in Australia...
US earnings season adds weight to Fed's up-beat view
By Jenny Ruth | Sun, 05 May 2019
By Jenny Ruth May 6 (BusinessDesk) - Corporate America is adding weight to the Federal Reserve's upbeat view of the US economy with about three-quarters of the S&P 500 Index companies that have rep...
MARKET CLOSE: NZ shares fall from record; Z Energy drops on placement
By Paul McBeth | Fri, 03 May 2019
By Paul McBeth May 3 (BusinessDesk) - New Zealand shares fell from a record as investors took advantage of the recent gains. Z Energy dropped on an unusually large volume of trading. The S&P/NZ...
NZ dollar climbs a little on poor Australian housing data
By Jenny Ruth | Fri, 03 May 2019
By Jenny Ruth May 3 (BusinessDesk) - The New Zealand dollar firmed slightly after further bad news about Australia’s housing market but ended down on the week as investors bet on the chance of a ra...
NZ dollar falters ahead of next week's domestic rate decision
By Rebecca Howard | Thu, 02 May 2019
By Rebecca Howard May 3 (BusinessDesk) - The New Zealand was weaker ahead of next week’s domestic policy review and as investors pare back expectations of any rate cut in the United States. The...
MARKET CLOSE: NZ shares gain as investors welcome Z's dividend view; Trade Me departs
By Paul McBeth | Thu, 02 May 2019
By Paul McBeth May 2 (BusinessDesk) - New Zealand shares rose as investors welcomed greater clarity on Z Energy's dividend intentions in the first local result of the latest reporting season. Index...
NZ dollar firms a little; traders still eyeing an OCR cut
By Jenny Ruth | Thu, 02 May 2019
By Jenny Ruth May 2 (BusinessDesk) - The New Zealand dollar recovered some of the ground lost after the US Federal Reserve appeared to take a rate cut off the table - but it is probably headed lowe...
Alliance expects African swine fever to support meat prices
By Rebecca Howard | Thu, 02 May 2019
By Rebecca Howard May 2 (BusinessDesk) - Red meat cooperative Alliance Group said meat prices are strong as the African swine fever outbreak decimates Chinese pork production. Chief executive Da...
Auckland house sales dip as Easter holiday saps activity in April
By Paul McBeth | Wed, 01 May 2019
By Paul McBeth May 2 (BusinessDesk) - Auckland realtor Barfoot & Thompson says activity slowed last month in the country's biggest city due to the Easter and Anzac Day holidays, although sale price...
Z Energy FY earnings fall 13% on refinery outage, crude price hike
By Gavin Evans | Wed, 01 May 2019
By Gavin Evans May 2 (BusinessDesk) - Z Energy reported a 13 percent decline in full-year net profit after an extended outage at the Marsden Point refinery raised its costs and record pump prices...
NZ dollar falls after Fed talks up US economy, says inflation may be transient
By Rebecca Howard | Wed, 01 May 2019
By Rebecca Howard May 2 (BusinessDesk) - The New Zealand dollar fell after upbeat comments from Federal Reserve Chairman Jerome Powell pushed the prospect of a US rate cut off the table. The kiw...
MARKET CLOSE: NZ shares fall on profit warnings; King Salmon flounders
By Paul McBeth | Wed, 01 May 2019
By Paul McBeth May 1 (BusinessDesk) - New Zealand shares sank as muted earnings guidance from SkyCity Entertainment Group and A2 Milk didn't meet investors' expectations. New Zealand King Salmon sh...