Wheeler says RB to be flexible
Wheeler says RB to be flexible
The Reserve Bank is prepared to cut its official cash rate below the current 2.5% should concerns deepen around the prospects for the global economy and its impact on New Zealand.
Dene Mackenzie
Business leaders support TPP
Business leaders support TPP
Heads of New Zealand's leading business organisations have thrown their support behind the signing in Auckland tomorrow of the Trans Pacific Partnership trade agreement.
Reserve Bank’s thoughts awaited
Reserve Bank’s thoughts awaited
The speech today by Reserve Bank governor Graeme Wheeler takes on extra significance, given the decision last week by the central bank to leave the official cash rate unchanged at 2.5%.
Fletcher Building restructures
Fletcher Building restructures
Fletcher Building could be positioning itself for a break-up and possible sale of divisions after yesterday announcing a structural change, Craigs Investment Partners broker Peter McIntyre said.
Comment: Free education an interesting discussion
Comment: Free education an interesting discussion
It has been hard for Labour leader Andrew Little to catch a break recently. Even yesterday, it was difficult for Mr Little to compete to get his message across, political editor Dene Mackenzie writes.
Move by IRD on student debt praised
Move by IRD on student debt praised
Taxpayers should be grateful to Inland Revenue for pursuing people living overseas to try to get them to pay money owed through student debt, Polson Higgs tax principal Michael Turner said yesterday.
Important labour market data due out
Important labour market data due out
Labour market data out tomorrow would be one of the most important releases in the calendar ahead of the Reserve Bank's March monetary policy statement, Westpac economist Anne Boniface said yesterday.
US is best choice, says investor
US is best choice, says investor
It will pay to be selective when approaching global equity markets this year, Craigs Investment Partners Chris Timms says.
TPP tariff cuts add up for agri-sector: Forsyth Barr
TPP tariff cuts add up for agri-sector: Forsyth Barr
New Zealand agricultural exporters across the board would benefit from the Trans-Pacific Partnership trade agreement, Forsyth Barr broker Peter Young said yesterday.
Milk payout threatens 'storm'
Milk payout threatens 'storm'
The plummeting Fonterra forecast milk solids payout threatens an economic storm, New Zealand First leader Winston Peters says.
US interest rates unchanged
US interest rates unchanged
The United States Federal Reserve left interest rates unchanged yesterday but officials said they still expected to raise borrowing costs at a "gradual pace''.
RBNZ will not yield easily on lower official cash rate
RBNZ will not yield easily on lower official cash rate
The Reserve Bank yesterday adhered to its stance of nothing needs doing any time soon, but acknowledged uncertainties are again on the rise.
Chorus not challenging decision
Chorus not challenging decision
Chorus has decided to accept the decision of the Commerce Commission, avoiding a lengthy and public court case, and instead focus on the future, Forsyth Barr broker Suzanne Kinnaird says.
Wheeler tipped to signal cuts
Wheeler tipped to signal cuts
The key message this morning from Reserve Bank governor Graeme Wheeler will be in the last paragraph of his one-page summary of the official cash rate review.
Veritas investors try to ‘abandon ship’
Veritas investors try to ‘abandon ship’
Veritas Investments shareholders tried to abandon the company yesterday after the food and beverage investor downgraded its outlook for earnings and said it would not pay a first-half dividend.
Crown accounts draw no response
Crown accounts draw no response
New Zealand politicians appear to have lost interest in the Crown financial accounts, as the publication yesterday of the Government's financial performance received no reaction from MPs.
TPP opponents to rally in Dunedin
TPP opponents to rally in Dunedin
As the Government prepares to sign the Trans Pacific Partnership trade agreement in Auckland next week, arguments for and against the deal have started to heat up.
South again tops service industry performance
South again tops service industry performance
The New Zealand services sector had a vintage 2015 and the December reading of 58.9 points was the third-highest of the year, according to the BNZ-BusinessNZ Performance in Services Index.
All eyes on US reports this week
All eyes on US reports this week
The global earnings season moves up a gear this week, when 134 Standard & Poor's 500 companies are due to report in the United States.
No cut in OCR expected; fears of deflation
No cut in OCR expected; fears of deflation
The Reserve Bank is not expected to cut the official cash rate from 2.5% this week and it appears Governor Graeme Wheeler is unlikely even to signal an imminent cut.