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UPDATED Wheeler gives clear signal OCR is set to rise as economy gathers momentum

UPDATED Wheeler gives clear signal OCR is set to rise as economy gathers momentum

(Recasts, adding investor comment, updates market reaction) By Paul McBeth Dec. 12 (BusinessDesk) – Reserve Bank governor Graeme Wheeler says “considerable momentum” in the New Zealand economy means record low interest rates are no longer appropriate in the face of inflation p...

11 Dec 2013
Vector loses key elements of challenge to Commerce Commission pricing

Vector loses key elements of challenge to Commerce Commission pricing

By Pattrick Smellie Dec. 12 (BusinessDesk) – An attempt led by Auckland monopoly network Vector to overturn the way the Commerce Commission sets prices for its services has failed in almost all respects, following a merits review challenge to the High Court. The long-awaited,...

11 Dec 2013
Stronger terms of trade could drive interest rates up further, RBNZ says

Stronger terms of trade could drive interest rates up further, RBNZ says

Dec. 12 (BusinessDesk) - Strong commodity prices, particularly for dairy products, could drive up interest rates more than currently expected if they continue to keep the terms of trade at elevated levels, the Reserve Bank says. In an alternative scenario in today’s monetary p...

11 Dec 2013
RBNZ sees strong house price inflation lasting longer than it thought

RBNZ sees strong house price inflation lasting longer than it thought

11 Dec 2013
Wheeler keeps OCR at 2.5 percent, ready to hike ‘as needed’ to keep inflation in check

Wheeler keeps OCR at 2.5 percent, ready to hike ‘as needed’ to keep inflation in check

11 Dec 2013
NZ dollar declines ahead of Reserve Bank interest rate decision, investors eye outlook

NZ dollar declines ahead of Reserve Bank interest rate decision, investors eye outlook

11 Dec 2013
While you were sleeping Wall Street slides

While you were sleeping Wall Street slides

11 Dec 2013
MARKET CLOSE NZ shares slip on Fonterra dividend cut, high dollar hurts Ebos

MARKET CLOSE NZ shares slip on Fonterra dividend cut, high dollar hurts Ebos

11 Dec 2013
Synlait Milk flags faster growth in 2014 as Fonterra cuts guidance

Synlait Milk flags faster growth in 2014 as Fonterra cuts guidance

11 Dec 2013
NZ dollar falls after Fonterra holds farmgate price; RBNZ looms

NZ dollar falls after Fonterra holds farmgate price; RBNZ looms

11 Dec 2013
Chorus warns of more earnings pain from latest review on copper lines

Chorus warns of more earnings pain from latest review on copper lines

10 Dec 2013
Restaurant Brands third quarter sales rise 5.4 percent , buoyed by new Carl’s Jr burger chain

Restaurant Brands third quarter sales rise 5.4 percent , buoyed by new Carl’s Jr burger chain

10 Dec 2013
Fonterra units sink back to issue price as product squeeze hurts dividend, earnings outlook

Fonterra units sink back to issue price as product squeeze hurts dividend, earnings outlook

10 Dec 2013
Fonterra slashes dividend forecast, keeps milk price unchanged in face of price squeeze

Fonterra slashes dividend forecast, keeps milk price unchanged in face of price squeeze

10 Dec 2013
MRP to freeze energy price until April 2015, but transmission prices could change

MRP to freeze energy price until April 2015, but transmission prices could change

10 Dec 2013
NZ dollar pares gains after Fonterra keeps payout to farmers unchanged

NZ dollar pares gains after Fonterra keeps payout to farmers unchanged

10 Dec 2013
While you were sleeping Fed positioning stalls rally

While you were sleeping Fed positioning stalls rally

10 Dec 2013
MARKET CLOSE NZ shares fall as Fonterra units cut to sell; Wynyard, tech stocks gain

MARKET CLOSE NZ shares fall as Fonterra units cut to sell; Wynyard, tech stocks gain

10 Dec 2013
NZ dollar may gain as Chinese data, Fonterra forecast loom

NZ dollar may gain as Chinese data, Fonterra forecast loom

10 Dec 2013
FMA sees big gap between ‘big four’ auditors and the rest

FMA sees big gap between ‘big four’ auditors and the rest

10 Dec 2013
Fonterra units cut to ‘sell’ at Craigs on cost squeeze, earnings disconnect

Fonterra units cut to ‘sell’ at Craigs on cost squeeze, earnings disconnect

10 Dec 2013
UPDATE Air New Zealand expects 1H pre-tax earnings of $166.8 mln, on target to exceed FY earnings

UPDATE Air New Zealand expects 1H pre-tax earnings of $166.8 mln, on target to exceed FY earnings

10 Dec 2013
Air New Zealand expects 1H pre-tax earnings to rise 20 percent , on target to exceed FY earnings

Air New Zealand expects 1H pre-tax earnings to rise 20 percent , on target to exceed FY earnings

10 Dec 2013
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