Newswire
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...
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...
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....
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...
