Newswire

MARKET CLOSE: NZ shares rise; F&P Healthcare crosses $20b threshold
Markets

MARKET CLOSE: NZ shares rise; F&P Healthcare crosses $20b threshold

New Zealand shares extended yesterday’s gain, following Wall Street's lead overnight and as Fisher & Paykel Healthcare become the NZX’s first $20 billion company.   The S&P/NZX 50 Index rose 198.51 points, or 1.8 percent, to 11,451.05. Within the index, 30 stocks rose, 12 fell...

Dan Brunskill 30 Jun 2020
NZ dollar unmoved by Powell, Robertson or business confidence
Markets

NZ dollar unmoved by Powell, Robertson or business confidence

The New Zealand dollar was unmoved by comments from Federal Reserve chair Jerome Powell or NZ Finance Minister Grant Robertson or by the latest survey showing business confidence - while negative - is improving. The kiwi was trading at 64.21 US cents at 5pm in Wellington from...

Jenny Ruth 30 Jun 2020
NZ dollar range-bound amid souring mood in equities markets
Markets

NZ dollar range-bound amid souring mood in equities markets

The New Zealand dollar was range-bound despite a souring mood in global equities markets as covid-19 infections passed 10 million and deaths 500,000. The kiwi was trading at 64.25 US cents at 5pm in Wellington from 64.23 cents in New York on Friday and 64.42 cents here at 5pm....

Jenny Ruth 29 Jun 2020
Unexpected slide in Pohokura gas production
Infrastructure

Unexpected slide in Pohokura gas production

Output from the country’s biggest gas field has fallen about 15 percent the past six weeks and operator OMV is yet to establish why. The offshore Pohokura field, the subject of a series of maintenance shuts during the past two years, delivered about 172 terajoules of gas yeste...

Gavin Evans 29 Jun 2020