Oil slips below US$44 briefly
Oil prices closed higher after a volatile session that saw the New York price drop below US$44 a barrel for the first time since March 2009.
Oil prices closed higher after a volatile session that saw the New York price drop below US$44 a barrel for the first time since March 2009.
The New Zealand dollar is headed for a 2.1 per cent weekly decline against the US dollar, having hit a four-year low after the Reserve Bank on Thursday removed its bias for higher interest rate.
The New Zealand dollar is touching a four-year low after the Reserve Bank abandoned its bias for raising interest rates and said a rate cut was a possibility.
Russia’s foreign-currency credit rating has been cut to junk by Standard & Poor’s, putting it below investment grade for the first time in a decade.
Denmark is trying to silence currency speculators as its government and central bank insist it won't follow Switzerland in severing its euro ties.
The NZ dollar rose to its highest level in more than six weeks against the greenback, and touched a record 67.45 euro cents after a Swiss move overnight.
Retail veteran Rod Duke is staying silent on market speculation that he might try to take control of struggling childswear retailer Pumpkin Patch.
Accounting software firm Xero has introduced a new combined payroll and accounting software platform to help increase growth in the US.
Plunging oil prices have forced explorers to scale back plans in New Zealand, some have had to restructure and there could be a sharp decline in capital spending in a sector the Government has backed....
Robust investor interest meant peer-to-peer lending platform Harmoney could have easily tripled the size of its $10m capital raising, says chief executive Neil Roberts.
Australia's coal seam gas extraction industry is set for a bumper year in 2015, but the petroleum exploration sector isn't.
New Zealand posted its smallest November trade deficit in four years, beating economist forecasts, as falling dairy prices were offset by a rise in meat exports.
Kathmandu's shares have slipped to a near two-year low as the outdoor retailer blames low consumer confidence for a subdued start to Christmas trading in its Australian market.
Petrol prices dropped for the 12th successive time this week and even better news appears to lie ahead for holiday motorists.
Wynyard Group, the security software firm, warned annual revenue may come in lower than its forecast $29 million.
Aversion to the iPhone maker is turning out to be one of the worst blunders in 2014 for money managers.
The sharp fall in oil prices is set to continue benefiting consumers but could delay exploration projects around New Zealand.
The sharp decline in oil and dairy prices could have a huge impact on the domestic economy as the former is our largest import item and the latter our biggest export earner.