Power firms nudge index to fresh high
NZ shares rose to a fresh record yesterday, paced by Mighty River Power, Meridian Energy and Genesis Energy as investors mulled possible lower interest rates across the Tasman.
NZ shares rose to a fresh record yesterday, paced by Mighty River Power, Meridian Energy and Genesis Energy as investors mulled possible lower interest rates across the Tasman.
Growing global market opportunities and the need to strengthen supply chains are creating a thirst for capital among agricultural co-operatives around the world, rural lending specialist Rabobank said.
Investors in property syndicates formerly run by SPI have been told to close ranks to the media.
The New Zealand Superannuation Fund's litigation against the Portuguese central bank could end up before the European Court of Justice.
It has been a big week for the sharemarket as the reporting season continues and stocks make big price moves.
The NZ Super Fund will not change its policy substantially after the loss of almost $200m in taxpayers' money.
Home loans became more affordable last month, with the typical home buyer saving $30 per week on mortgage repayments compared to December.
Greek Prime Minister Alexis Tsipras won four more months to sell his policy program to creditors while keeping domestic voters on board.
New Zealand's banks had a bumper 2014, with home loan demand amid a booming property market helping to boost their combined profit by more than 20 per cent to a record $4.8 billion.
An Air NZ sponsorship deal has hit headlines in a tit-for-tat row between two of Britain's most influential newspapers over the integrity of their editorial content.
State-owned Kiwibank has posted a record interim profit of $71 million, and suggested it may commence dividend payments.
Mortgage lenders have noticed an upswing in the number of people withdrawing money from KiwiSaver for a first home.
As the battle heats up for the KiwiSaver dollar, authorities are taking a closer look at the tactics being used to tempt investors.
Like any successful politician, Prime Minister John Key knows a week is a long time in politics, writes Bernard Hickey.
The $200 million lost by the New Zealand Superannuation Fund when a Portuguese bank collapsed was ultimately destined, at least in part, to go to a Chinese firm under a corruption cloud.
The NZ dollar hit 97.07 Australian cents overnight with some analysts saying there is nothing to stop it pushing higher to parity.
Almost $200 million in taxpayers' money invested through the NZ Superannuation Fund has been lost after a supposedly 'risk free' loan.
Almost $200 million of taxpayer money invested through the Kiwi Superannuation Fund has been lost after a "risk-free" Portuguese bank collapsed.
The NZ dollar has touched a fresh record against the Aussie, after Federal Reserve meeting minutes suggested officials may favour keeping US interest rates lower for longer.
Australia & New Zealand Banking Group says its New Zealand division performed strongly in the final three months of last year as cash profit slipped 0.2 per cent.