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MARKET CLOSE: NZ shares rise, led by Metro Glass, Heartland; A2, Synlait extend slide

MARKET CLOSE: NZ shares rise, led by Metro Glass, Heartland; A2, Synlait extend slide

By Sophie Boot Dec. 11 (BusinessDesk) - New Zealand shares rose, led by Metro Performance Glass and Heartland Bank, while dairy-related companies A2 Milk Co and Synlait Milk continued to weaken. The S&P/NZX 50 Index gained 42.42 points, or 0.5 percent, to 8,277.51. Within t...

Sophie Boot 11 Dec 2017
NZ dollar jumps as Orr named governor, Fed hike seen 100% priced in

NZ dollar jumps as Orr named governor, Fed hike seen 100% priced in

By Jonathan Underhill Dec. 11 (BusinessDesk) - The New Zealand dollar jumped after NZ Superannuation Fund chief Adrian Orr was named as next governor of the Reserve Bank, installing a seasoned veteran well known by the business community and possibly more hawkish than the incu...

Jonathan Underhill 11 Dec 2017
UPDATE: NZ Super Fund boss Adrian Orr appointed next RBNZ governor

UPDATE: NZ Super Fund boss Adrian Orr appointed next RBNZ governor

(Updates to add comment on Orr's salary and ministerial comments throughout) Dec. 11 (BusinessDesk) - New Zealand Superannuation Fund chief executive Adrian Orr has been named the next Reserve Bank governor, starting in late March 2018.  Finance Minister Grant Robertson ann...

Paul McBeth 11 Dec 2017
IRD auditing 16 multinational firms over $100 mln of tax avoidance

IRD auditing 16 multinational firms over $100 mln of tax avoidance

Paul McBeth 11 Dec 2017
Microsoft NZ lifts FY profit 15% on consulting gains; Oracle NZ posts loss on impairment

Microsoft NZ lifts FY profit 15% on consulting gains; Oracle NZ posts loss on impairment

Paul McBeth 11 Dec 2017
No grounds to impose provisional measures in China steel dumping case: MBIE

No grounds to impose provisional measures in China steel dumping case: MBIE

Rebecca Howard 10 Dec 2017
NZ credit, debit card spending rises 1.2% in November on higher fuel prices

NZ credit, debit card spending rises 1.2% in November on higher fuel prices

Rebecca Howard 10 Dec 2017
Australian fund manager L1 Capital cleared to buy up to 15% of Chorus

Australian fund manager L1 Capital cleared to buy up to 15% of Chorus

Paul McBeth 10 Dec 2017
Vital Healthcare Property Trust buys rehab hospital in Queensland for A$23.8 million

Vital Healthcare Property Trust buys rehab hospital in Queensland for A$23.8 million

Rebecca Howard 10 Dec 2017
Rubicon plans to sell Clearwood stake for $15.3M to focus on ArborGen business

Rubicon plans to sell Clearwood stake for $15.3M to focus on ArborGen business

Tina Morrison 10 Dec 2017
Augusta Capital buys Wellington property for new Industrial Fund, due to launch early next year

Augusta Capital buys Wellington property for new Industrial Fund, due to launch early next year

Rebecca Howard 10 Dec 2017
Pyne Gould settles Wilaci dispute, other legal issues ongoing

Pyne Gould settles Wilaci dispute, other legal issues ongoing

Sophie Boot 10 Dec 2017
NZ Refining says 'false alarm' triggered yesterday's temporary pipeline shutdown

NZ Refining says 'false alarm' triggered yesterday's temporary pipeline shutdown

Paul McBeth 10 Dec 2017
Robertson reiterates policy plans ahead of HYEFU, says 100-day plan costed by Treasury

Robertson reiterates policy plans ahead of HYEFU, says 100-day plan costed by Treasury

Jonathan Underhill 10 Dec 2017
NZ dollar steady as US payrolls show flat wages, Brexit deal nudges along

NZ dollar steady as US payrolls show flat wages, Brexit deal nudges along

Paul McBeth 10 Dec 2017
World Week Ahead: Fed set to move

World Week Ahead: Fed set to move

Paul McBeth 10 Dec 2017
MARKET CLOSE: NZ shares up, Xero and NZX gain while Summerset Group falls

MARKET CLOSE: NZ shares up, Xero and NZX gain while Summerset Group falls

Sophie Boot 08 Dec 2017
NZ dollar heads for 0.7% weekly decline, dragged lower by weak Aussie

NZ dollar heads for 0.7% weekly decline, dragged lower by weak Aussie

Rebecca Howard 08 Dec 2017
Fliway shareholders back $55.4 mln takeover

Fliway shareholders back $55.4 mln takeover

Paul McBeth 08 Dec 2017
New mindset needed to lift NZ living standards, IMF, OECD economists say

New mindset needed to lift NZ living standards, IMF, OECD economists say

Rebecca Howard 08 Dec 2017
Commerce Minister Faafoi to keep eye on smaller financial advisers

Commerce Minister Faafoi to keep eye on smaller financial advisers

Paul McBeth 08 Dec 2017
Spark, Vodafone scorn 'self-serving' 5G build proposal from Chorus

Spark, Vodafone scorn 'self-serving' 5G build proposal from Chorus

Pattrick Smellie 08 Dec 2017
MBIE investigates leak of consultant payments after claim it understated the true cost

MBIE investigates leak of consultant payments after claim it understated the true cost

Jonathan Underhill 07 Dec 2017
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