All News

While you were sleeping: Fed sees three hikes in 2018

While you were sleeping: Fed sees three hikes in 2018

By Margreet Dietz Dec. 14 (BusinessDesk) - Wall Street rose as the Federal Reserve raised its key interest rate for the third time this year, and held to its forecast for three rate hikes next year.  The Federal Open Market Committee decided to raise the target range for th...

Margreet Dietz 13 Dec 2017
MARKET CLOSE: NZ shares edge up as NZX leads late recovery, Air NZ falls

MARKET CLOSE: NZ shares edge up as NZX leads late recovery, Air NZ falls

By Paul McBeth Dec. 13 (BusinessDesk) - New Zealand shares edged up to a new record, led by stock market operator NZX and as investors changed their tune on a2 Milk Co late in the day. Air New Zealand fell on disappointing monthly metrics.  The S&P/NZX 50 index increased 3....

Paul McBeth 13 Dec 2017
Twyford extends olive branch to Singapore in house-buying ban

Twyford extends olive branch to Singapore in house-buying ban

By Sophie Boot Dec. 13 (BusinessDesk) - The government will push through its bill preventing foreign purchasers from buying existing New Zealand houses by early next year, though questions remain over the status of Singaporean buyers. The ban breaches New Zealand's free tra...

Sophie Boot 13 Dec 2017