MARKET CLOSE: NZ shares up as A2, Genesis rally

Article – BusinessDesk

Jan. 19 (BusinessDesk) – New Zealand shares gained, led by a recent rally in A2 Milk Co and as Genesis Energy rose on a strong quarterly report, while investors continued to sell down Pushpay Holdings after last year’s massive gains. Read more »

NZ dollar heads for weekly 0.7% gain

Article – BusinessDesk

NZ dollar heads for weekly 0.7% gain, all eyes on possible US govt shutdown Read more »

PREVIEW: NZ inflation may inch back to mid-point of band

Article – BusinessDesk

PREVIEW: NZ inflation may inch back to mid-point of band in 4Q on fuel costs Read more »

Trustpower affirms guidance as wholesale prices stay high

Article – BusinessDesk

Jan. 19 (BusinessDesk) – Trustpower affirmed annual earnings guidance, having raised its outlook three times this financial year on strong wholesale electricity prices, and noted the low hydro lake levels are threatening to trigger a high-priced event … Read more »

OceanaGold’s Macraes gold mine misses production target

Article – BusinessDesk

Jan. 19 (BusinessDesk) – OceanaGold Corp’s Macraes gold mine in Otago missed its production target for 2017, taking longer to access higher grade ore than anticipated, but expects increased extraction this year. Read more »

NZ manufacturing activity falls sharply in December

Article – BusinessDesk

Jan. 19 (BusinessDesk) – New Zealand’s manufacturing activity fell a five-year low in December as businesses deferred major decisions until there is more clarity after the change in the government, echoing the downbeat sentiment in this week’s business … Read more »

Jacinda Ardern pregnant, Peters to step in as acting PM

Article – BusinessDesk

Jan. 19 (BusinessDesk) – Prime Minister Jacinda Ardern is pregnant, due in June, and deputy Prime Minister Winston Peters will take over the role for six weeks after the baby is born. Read more »

NZ dollar gains on threat of US govt shutdown

Article – BusinessDesk

NZ dollar gains as threat of US govt shutdown weighs on greenback By Paul McBeth Read more »

While you were sleeping: Wall St pauses after Dow peaks

Article – BusinessDesk

Jan. 19 (BusinessDesk) – Wall Street was mixed, after the Dow rose to a record high earlier in the day, as the latest corporate earnings proved a mixed bag too. Read more »

MARKET CLOSE: NZ shares mixed, Fisher & Paykel, Air NZ drop

Article – BusinessDesk

Jan. 18 (BusinessDesk) – New Zealand shares were mixed as Fisher & Paykel Healthcare fell on the stronger Kiwi dollar while property stocks rebounded from earlier selling. Read more »

NZ dollar steadies after sharp fall

Article – BusinessDesk

Jan. 18 (BusinessDesk) – The New Zealand dollar steadied after falling more than half a US cent in the local session after traders were reluctant to take the currency through key technical levels. Read more »

Mycoplasma bovis on 17 farms: MPI says eradication on table

Article – BusinessDesk

Jan. 18 (BusinessDesk) – Three new properties have been identified as being infected with the Mycoplasma bovis bacterial cattle disease, bringing the total to 17, but the Ministry of Primary Industries still believes eradication is possible. Read more »

Bod Australia signs deal to produce hemp-based mānuka honey

Article – BusinessDesk

Jan. 18 (BusinessDesk) – ASX-listed Bod Australia has signed an agreement with mnuka honey producer Manuka Pharma to produce a hemp-based honey product line. Read more »

NZD drops on upbeat Fed report, Apple’s tax bill

Article – BusinessDesk

Jan. 18 (BusinessDesk) – The New Zealand dollar dropped more than half a US cent after upbeat comments from the US Federal Reserve and news Apple Inc’s tax bill and investment plans will see more funds flow into the US may have galvanised investors … Read more »

Chorus connections fall, data usage expected to grow in 2018

Article – BusinessDesk

Jan. 18 (BusinessDesk) – Chorus lost 23,000 fixed-line connections in the final three months of 2017, shedding lines at the same pace as the September quarter when it embarked on a marketing campaign extolling the virtues of fixed-line service. Read more »

Fletcher Building didn’t breach NZX rules

Article – BusinessDesk

Jan. 18 (BusinessDesk) – The New Zealand stock exchange has found Fletcher Building did not breach continuous disclosure rules in relation to two forecast earnings downgrades last year. Read more »

NZ Refining lifts 2017 fee revenue 19%

Article – BusinessDesk

Jan. 18 (BusinessDesk) – New Zealand Refining lifted processing fee income 19 percent in 2017 as the country’s only refinery operator enjoyed wider margins in the year, helping offset a lower volume during the pipeline outage in September. Read more »

NZ house sales slump in December but prices still firm

Article – BusinessDesk

Jan. 18 (BusinessDesk) – The number of property sales across New Zealand slumped 10 percent in December from a year earlier but prices continued to lift, according to the Real Estate Institute. Read more »

France’s Ingenico eyes broader services with Paymark deal

Article – BusinessDesk

Jan. 18 (BusinessDesk) – French payments systems provider Ingenico plans to integrate New Zealand’s Paymark payment network with its recently acquired Bambora business to offer a broader array of services to local retailers and financial institutions. Read more »

NZ dollar gains as possible US govt shutdown looms

Article – BusinessDesk

Jan. 18 (BusinessDesk) – The New Zealand dollar continued its volatile start to the year, rising back above 73 US cents as the threat of a federal government shutdown in the US weighs on the greenback. Read more »