Market close: NZ shares join global selloff; kiwi rallies against US
More weak earnings added to the sombre mood.
AdvertisementAdvertise with NZME.
Latest fromBusiness
Westpac cuts home loan rates as highly competitive market continues
Westpac now has the lowest advertised two-year rate among the five major banks.
'True maestro': Top TV reporter once punched by Sir Bob Jones has died
Rod Vaughan has been described as 'the epitome of journalistic excellence'.
Building Nations 2024: Users to pay for new roads, upgrades
Drivers can expect to see more tolls and road-user charges, says Transport Minister.
Business confidence soars to highest in a decade – ANZ
ANZ chief economist: 'Things are looking up, albeit from a pretty dark place.'
Chomping down bigtime: Fast-food giant expanding in NZ
New outlets across the country contributed to the New Zealand arm performing strong.
Comvita posts $77.4m loss after difficult year
Loss of a major customer and sharp fall in China demand blamed for poor result.
The five biggest property sales in 2024 so far – including Sir Peter Jackson’s Lyall Bay deal
Buying and selling activity is continuing apace, despite the sluggish economy.
Critics challenge power companies' reasons for high costs
Meridian denies the company is profiteering with the release of the annual report.
'Really great timing': New China deer velvet deal a relief for industry
New Zealand exports about $70 million worth of velvet to China each year.
Nvidia revenue more than doubles as demand for AI chips remains strong
Financial Times: Shares fall 6% despite the strong earnings.
Warren Buffett’s Berkshire Hathaway surges past $1 trillion market value
Financial Times: Chair has sold stocks including Apple.
Nick Clark: Localism - NZ needs a better system
OPINION: A localist approach could also be more fiscally prudent.
Bank-switching among mortgage holders hits record high
The Commerce Commission believes banks could still make it cheaper for customers to leave.
Darren Shand on what he learned from 20 years as All Blacks manager
What can businesses learn from the world of high-performance sports?
Mercury, Winstone Pulp in war of words over power price claims
Mercury has contested forest products company Winstone's claims about high power prices.
Almost $4m from business levy subsidising 'white elephant' convention centre
Wellington Mayor Tory Whanau says she is open to reviewing how the levy is spent.
Du Val Group: High Court to decide if interim receivership documents can be made public
Judge prepares to hear arguments in Hamilton on Monday.
Market close: NZ shares gain as Scales bounces back from Cyclone Gabrielle
Earnings reported today were generally upbeat in what’s been a mixed period.
Collaboration centre stage at infrastructure conference
A round-up of day one of the Building Nations conference.
Infrastructure: What are we up for and how will we pay for it?
When it comes to infrastructure, we face a series of trade-offs.
More than 100 jobs lost as logistics company closes down Auckland stevedoring operations
Staff were informed of the redundancy process today.
E-scooter wars: Kiwi contender, Chinese giant among those vying to replace Beam
At least four contenders are in the running.
Higher wage costs eat into Woolworths NZ result
The New Zealand arm's earnings before interest and tax fell by 56.5%.
A sign of things to come? Fonterra to spend $75m on high-protein nutrition
The high-value protein industry is projected to grow by $16b over the next four years.
The right to disconnect after hours: Would a new ‘do not disturb’ law take off in NZ?
The right to refuse to reply to your boss after hours is now enshrined in some countries.
Inside Economics: Goodbye inflation, hello deflation (already?)
OPINION: And what does 'soft landing' actually mean? Liam Dann asks.
'Stabilising investment property market' - giant landlord Precinct reports result
Company is progressing further growth in the apartment sector.
New national infrastructure agency to map out 30-year plan
The agency will be established from December.
Synlait co-founder John Penno lodges complaint over recapitalisation plan
Former chairman John Penno has pushed back on Synlait's recapitalisation plan.
Meridian profit up, but a tough 2025 year looms
Meridian has lifted its earnings, but says dry conditions will make 2025 challenging.
KiwiSaver fund that has returned nearly 400%
KiwiSaver has seen remarkable growth this year, particularly in more aggressive funds.
NZTA puts the kibosh on Ario e-scooters’ riderless self-parking
The company says falling foul of a technicality will actually add to footpath clutter.