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MARKET CLOSE: NZ shares fall

Article – BusinessDesk

Oct. 16 (BusinessDesk) – New Zealand shares fell for a second day with Meridian Energy lower as the power company confronts dry conditions, and exporters Comvita and Fisher & Paykel Healthcare faced a stronger kiwi dollar. Read more »

NZ dollar gains on rising consumer prices

Article – BusinessDesk

Oct. 16 (BusinessDesk) – The New Zealand dollar gained as traders dial back their expectations for a rate cut after inflation was higher than forecast. Read more »

Treasury Secretary to sit in on RBNZ monetary policy reviews

Article – BusinessDesk

Oct. 16 (BusinessDesk) – Treasury secretary Gabriel Makhlouf will sit in on the Reserve Bank’s monetary policy reviews from this month, pre-empting a legislative change. Read more »

Cancer test firms Pacific Edge

Article – BusinessDesk

Oct. 16 (BusinessDesk) – Cancer test makers Pacific Edge and TruScreen both gave investors something to cheer about as they made headway in their respective markets. Read more »

Air NZ to be ‘the world’s least unsustainable airline’

Article – BusinessDesk

Air NZ on track to be ‘the world’s least unsustainable airline’ By Pattrick Smellie Read more »

Ebos says animal care led first-quarter revenue growth

Press Release – BusinessDesk

Oct. 16 (BusinessDesk) – Ebos Group says first-quarter trading growth was solid with animal care outperforming healthcare where government funding remains tight. Read more »

Bridges denies Ross allegations, welcomes police inquiry

Article – BusinessDesk

Oct. 16 (BusinessDesk) – A defiant National Party leader, Simon Bridges, has emphatically denied claims by his dissident former colleague, Jami-Lee Ross, that Bridges was involved in arranging to conceal a $100,000 donation from a Chinese businessman. Read more »

Stronger-than-expected inflation could spur a rethink

Article – BusinessDesk

Oct. 16 (BusinessDesk) – The Reserve Bank may have to rethink its rate cut option after higher-than-expected third quarter inflation pushed the annual number to just below the mid-point of its target range. Read more »

Second round of Overseas Investment Act review

Article – BusinessDesk

Oct. 16 (BusinessDesk) – The government wants to clear a pathway for investment in productive assets while letting the Crown block investments to protect the national interest. Read more »

Jami-Lee Ross accuses Bridges of corruption, resigns

Article – BusinessDesk

Oct. 16 (BusinessDesk) – Dissident National Party MP Jami-Lee Ross will resign from Parliament on Friday, triggering a by-election in the safe National electorate seat of Botany in east Auckland. Read more »

First NZ cuts Michael Hill earnings forecast

Article – BusinessDesk

Oct. 16 (BusinessDesk) – First NZ Capital expects to see weaker earnings at Michael Hill International but says there is still potential for the share price to rise. Read more »

Focus on ‘low-hanging fruit’ for emissions reduction

Article – BusinessDesk

Oct. 16 (BusinessDesk) – New Zealand has a lot of low-hanging fruit it can pursue now with known technologies to start reducing greenhouse gas emissions, Methanex New Zealand managing director Dean Richardson says. Read more »

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