Trade figures rise past expectations
Trade figures rise past expectations
June's exports and imports both exceeded expectations but New Zealand still reported a small trade deficit in the month, after five consecutive surpluses.
Dene Mackenzie
Stocks appeal as interest rates decline
Stocks appeal as interest rates decline
The NZX50 index is likely to bust above the 6000-point mark as investors look for income in times of falling interest rates.
Cash rate cut and more on cards
Cash rate cut and more on cards
Reserve Bank governor Graeme Wheeler cut the official cash rate as expected yesterday and indicated further cuts were on the way.
Tech shares prove disappointing
Tech shares prove disappointing
Technology companies reporting yesterday offered disappointing financial results, causing the blue chip Dow Jones Industrial Average to tumble.
New role for Crombie
New role for Crombie
Dunedin independent director and accountant Graham Crombie can add another line to his already extensive CV after being appointed as an associate member of the Commerce Commission.
South Is companies show their resilience
South Is companies show their resilience
South Island companies overcame a tough and challenging three months to achieve a hard-fought gain of $159.2 million in capital value for the June quarter, according to the Deloitte South Island Index.
Canstar identifies BNZ as bank of the year
Canstar identifies BNZ as bank of the year
The BNZ has been named the Canstar Bank of the Year for the institution offering the best value in everyday banking across the country.
OCR cut set to stoke heated house market
OCR cut set to stoke heated house market
Comment: New Zealand's housing market is set for another boost tomorrow when the Reserve Bank cuts the official cash rate from its present 3.25%.
Migrants total hits 58,000
Migrants total hits 58,000
New Zealand net annual migration rose to a fresh high of more than 58,000 in the year ended June, Statistics New Zealand data released yesterday revealed.
Services result lifts some gloom
Services result lifts some gloom
The Otago-Southland region finally received some good news to help brighten the gloom of winter with the release yesterday of the BNZ-BusinessNZ Performance in Services Industry Index.
Tech companies tipped to show growth
Tech companies tipped to show growth
Goole's strong quarterly results last week have investors feeling confident heading into this week's release of technology-heavy financial reports.
Doubt weighs on MRP view
Doubt weighs on MRP view
Electricity generator Mighty River Power produced some impressive statistics for the three months ended June but the ongoing uncertainty about the future of Tiwai Point continues to weigh on investor sentiment.
New low forecast for official cash rate
New low forecast for official cash rate
Hot on the heels of low inflation data and another plunge in dairy prices, Westpac chief economist Dominick Stephens is now forecasting the official cash rate to fall to a new low of 2% by the end of the year.
Manufacturing slump in South
Manufacturing slump in South
Manufacturing activity in Otago-Southland has hit recent lows as its nearest neighbour Canterbury continues to thrive.
Investment firm leans towards fixed interest
Investment firm leans towards fixed interest
During the past year, Craigs Investment Partners has moved to a more defensive stance in its investment intentions and remains comfortable with that position, broker Chris Timms says.
Southern job market falters
Southern job market falters
The heat has gone out of the southern job market, according to the latest Jobs Online monthly report from the Ministry of Business, Innovation and Employment.
Rock-star economy history as growth hits doldrums
Rock-star economy history as growth hits doldrums
New Zealand's ''rock-star economy'' status is behind us, according to Forsyth Barr broker Peter Young. Business editor Dene Mackenzie reports.
Further calls for Reserve Bank to cut OCR
Further calls for Reserve Bank to cut OCR
Calls for the Reserve Bank to cut its official cash rate next week grew louder yesterday after inflation remained low and dairy prices slumped significantly in the latest auction.
Safety claims anger industry and officials
Safety claims anger industry and officials
The New Zealand Initiative has raised the hackles of many with its report claiming increased workplace safety is one of the reasons for the lack of affordable housing in Auckland and Christchurch.
Competition big issue for evolving Fonterra
Competition big issue for evolving Fonterra
Numerous challenges exist for Fonterra in evolving from a commodity mindset and strong dairy industry competition across emerging markets is a key issue, Forsyth Barr broker Andrew Rooney said yesterday.