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MARKET CLOSE: NZ shares follow Asian markets higher

Article – BusinessDesk

MARKET CLOSE: NZ shares follow Asian markets higher on renewed hopes for China-US resolution Read more »

Housing Ministry head hints he acted against Barclay

Article – BusinessDesk

Jan. 18 (BusinessDesk) – Ministry of Housing and Urban Development chief executive Andrew Crisp has given the strongest indication yet that departed KiwiBuild unit head Stephen Barclay was the subject rather than the initiator of an employment dispute … Read more »

NZ dollar heading for 1% weekly slide as outlook weakens

Article – BusinessDesk

Jan. 18 (BusinessDesk) – The New Zealand dollar is headed for a 1 percent slide against its US counterpart this week as investors see improving prospects there but potential headwinds here. Read more »

Currency frozen in multi-million dollar Cryptopia theft

Article – BusinessDesk

Jan. 18 (BusinessDesk) – The worlds largest cryptocurrency exchange says it has frozen some funds from hacked Christchurch digital assets exchange Cryptopia. Read more »

NZ manufacturing activity hits highest level since April

Article – BusinessDesk

Jan. 18 (BusinessDesk) – New Zealand’s manufacturing activity hit its highest level since April in December and while activity in 2018 was weaker than it has been during the past two years, it was still above average. Read more »

Tilt affirms guidance

Article – BusinessDesk

Jan. 18 (BusinessDesk) – Tilt Renewables has left its full-year earnings guidance in place after December quarter production fell about 5 percent shy of long-term expectations. Read more »

NZ dollar extends slide as Philly Fed lifts sentiment in US

Article – BusinessDesk

Jan. 18 (BusinessDesk) – The New Zealand dollar extended its decline as US investors looked for positive signs in their economy and European manufacturers prepared for the worst from the on-going Brexit impasse. Read more »

MARKET CLOSE: NZ shares get further lift

Article – BusinessDesk

Jan. 17 (BusinessDesk) – New Zealand shares rose as sentiment continued to benefit from positive offshore leads. Genesis Energy, A2 Milk and Synlait Milk gained. Read more »

NZ dollar extends decline amid mixed data

Article – BusinessDesk

Jan. 17 (BusinessDesk) – The New Zealand dollar weakened amid mixed signals on the local economy and as investors grow more positive on the prospects for a less-painful departure for the UK from the European Union. Read more »

‘Excessive’ RBNZ bank capital proposals

Article – BusinessDesk

‘Excessive’ RBNZ bank capital proposals to add up to 1.25% to mortgage rates: UBS Read more »

UFB uptake reaches 51% on Chorus networks

Article – BusinessDesk

Jan. 17 (BusinessDesk) – Growth in the uptake of ultra-fast broadband on the networks Chorus is installing slowed in the December quarter as more of the roll-out was completed. Read more »

Kathmandu hires new leader for North America

Article – BusinessDesk

Jan. 17 (BusinessDesk) – Kathmandu Holdings has hired US clothing executive Amy Beck to run its North American business. Read more »