
Kiwi falls as Fed mulls hike
The New Zealand dollar remained out of favour yesterday, falling 1.7 per cent on the week against the greenback.
The New Zealand dollar remained out of favour yesterday, falling 1.7 per cent on the week against the greenback.
Restaurant Brands lifted fourth quarter sales 37 per cent to $121.6m.
Problems with the NZX's trading system has delayed the stock market from opening today.
New Zealand Oil & Gas plans to return $100 million of the $168m it reaped on the sale of its stake in the Kupe oil and gas fields.
Z Energy's decision to hold its annual meeting over the internet has drawn flak from the New Zealand Shareholders Association.
Peter and Anya Hutson and James Reeves latest attempt to wrest control of Abano Healthcare has failed.
Shares of Snap have surged 41 per cent in their debut, as this year's most-hyped technology public offering joins the bourse.
Britons are dying because of the Volkswagen emission scandal with dozens killed from fumes travelling across the North Sea from Germany
The kiwi increased to 72.17 US cents as at 8am in Wellington from 71.82 cents late yesterday.
New Zealand Refining's annual profit sank 69 per cent from a record a year earlier.
Donald Trump's address before Congress tomorrow Federal Reserve Chair Janet Yellen's talk on Friday are seen as the major events this week.
The New Zealand dollar rose after the US Treasury indicated it would take time for fiscal policy reform to impact the US economy.
The Federal Reserve's latest meeting showed concern that a strong greenback could hurt US economy.
The kiwi traded at 71.62 US cents as at 8am in Wellington, having sunk as low as 71.27 cents ahead of the GlobalDairyTrade auction.
Kate McKenzie became the sole woman at the head of an NZX50 company when she started her new job as Chorus chief executive yesterday.
New Zealand Oil & Gas is in talks with prospective partners for the deepwater Barque prospect off Oamaru's coast.
The kiwi may decline if dairy prices fall at tonight's auction and expectations firm for interest rate hikes by the Federal Reserve.
The kiwi may test new multi-month highs against the greenback as optimism about US President Donald Trump's economic policies starts to wane.
Fisheries groups have teamed up to oppose Trans Tasman Resources' second bid to mine iron sands from the ocean floor in New Zealand's Exclusive Economic Zone.
The kiwi rose after stronger-than-expected US inflation figures stoked talk of global 'reflation' which will hasten central bank moves to tighten monetary policy.
The NZD fell after Federal Reserve chair Janet Yellen kept open the chance of a rate hike.
Rubicon and private investors have agreed to buy Tenon's Clearwood for US$55m.
Trans Tasman Resource will try again in hearings starting this week to get permission to mine iron sands from the ocean floor in New Zealand's Exclusive Economic Zone.
NZX annual profit dropped 62 per cent as the stock market operator faced mounting costs from the protracted Ralec litigation.
The New Zealand dollar fell as the greenback reached a three-week high ahead of Federal Reserve chair Janet Yellen's Senate testimony.
The New Zealand dollar fell to its lowest level in almost four months against the Australian dollar.
Shares dropped, led lower by Chorus and Vector on regulation news, while A2 Milk Co and Trilogy gained.
The Tower board said the deal would not impact Tower insurance policies or the rights of policy holders.
Hellaby Holdings will delist from the NZX by March 8, after ASX-listed auto firm Bapcor succeeded in its $352 million takeover.