MARKET CLOSE: NZ shares nudge higher; ports gain ahead of Northport study
By Paul McBeth | Wed, 11 Dec 2019
New Zealand shares edged higher after a late rally, with most port stocks stronger ahead of tomorrow’s release of the upper North Island supply chain study recommending Northport take over as the prin...
NZ dollar eases after brief spike on govt spending announcement
By Jenny Ruth | Wed, 11 Dec 2019
The New Zealand dollar declined after a short-lived spike on news the government will spend $12 billion over five years on infrastructure. The kiwi was trading at 65.23 US cents at 5pm in Wellingto...
NZ sovereign rating can absorb higher fiscal spending - S&P
By Rebecca Howard | Wed, 11 Dec 2019
International ratings agency Standard & Poor's says New Zealand’s higher government spending and weaker economic conditions are weighing on the fiscal outlook but there is no impact on its current...
Govt books still in check as growth seen slowing
By Paul McBeth | Wed, 11 Dec 2019
Slightly slower economic growth and increased capital spending barely shifted the dial in the half-year outlook for the government’s accounts. Treas...
Door open to pre-election welfare hikes beyond new $12b spend
By Pattrick Smellie | Wed, 11 Dec 2019
The government is leaving the door open to election year announcements of increases in benefit levels and tax relief for working families over and above the $12 billion of new infrastructure spending...
Contact to offer office power management tool
By Gavin Evans | Wed, 11 Dec 2019
Contact Energy plans to offer a cloud-based electricity management system for offices as part of its efforts to help commercial customers decarbonise their operations. The company is bringing in a...
Supplements, skincare firm poised for reverse listing
By Paul McBeth | Wed, 11 Dec 2019
Early-stage supplements and skincare firm Me Today is poised to list next year through shell company CSM Group in a deal valuing the company at almost $5.6 million. NZX-listed CSM, formerly Orion...
NZ dollar weaker on US-China trade jitters
By Rebecca Howard | Wed, 11 Dec 2019
The New Zealand dollar weakened after mixed signals of the US-China trade front. The kiwi was trading at 65.39 US cents at 8am in Wellington from 65.64 cents last night while the trade-weighted ind...