Housing market 'set for slowdown'
The housing market is in for a "pronounced and overdue slowdown", with national house price inflation forecast to fall to about 5 per cent a year
The housing market is in for a "pronounced and overdue slowdown", with national house price inflation forecast to fall to about 5 per cent a year
New Zealand shares fell, led lower by Sky Network Television and Spark New Zealand, while Auckland International Airport gained.
COMMENT: Risk of capital loss to US may make other nations follow.
After his first major speech as Finance Minister, Steven Joyce talks to Liam Dann about economics, social investment and the odds of tax cuts in the upcoming budget.
Wall Street retreated after earlier touching fresh record highs as investors reassessed valuations while waiting for details of US President Donald Trump's tax plans.
For Comvita, an unofficial "grey" channel into China has played a big part in its success, but a change in the rules has hit sales.
NZ shares dropped, led by Spark NZ as company earnings show the telecommunications sector is experiencing stiff competition.
The New Zealand dollar extended its gains amid concern financial markets have been building too much optimism about US President Donald Trump.
Healthcare Partners Holdings will consider mounting a full takeover bid for Abano Healthcare provided it can get access to the medical investor's books.
Wall Street moved to fresh record highs after US reports showing a larger-than-expected increase in retail sales.
The number of companies listed on the New Zealand sharemarket will continue to shrink this year, according a forecast on the capital
New Zealand shares rose, led by Sky Network Television and Westpac Banking Corp, while Tegel Group Holdings and A2 Milk Co dropped.
The New Zealand dollar was little changed, recovering from an earlier decline.
The New Zealand arm of Domino's Pizza Enterprises is helping the company rake in the dough, with a strong first-half profit. The
Domino's is raking in the dough after recording sales over A$1 billion in the half-year period.
Wall Street continued its record-setting streak after Federal Reserve Chair Janet Yellen signalled further interest rate increases ahead.
NZ shares gained, with Port of Tauranga, Metlifecare and Contact Energy rising, while stock market operator NZX dropping after posting its earnings.
The NZ dollar fell against the Australian dollar after a strong business survey across the Tasman and better-than-expected data out of China.
New Zealand shares rose as Contact Energy posted stronger first-half earnings, and Fletcher Building, A2 Milk Co gained.
The New Zealand dollar bounced from a four-month low against the Australian dollar .
COMMENT: Is a strong dollar good or bad for the economy? Initially it seems a ridiculous thing for a US President to need to ask, Liam Dann writes.
Private equity investor Direct Capital is on the hunt for acquisitions after raising $375 million for its latest fund.
Babak Hodjat believes humans are too emotional for the stock market. So he's started one of the first hedge funds run completely by artificial intelligence.
Walt Disney Company has boosted its stake in its less successful European sister and promised to support the struggling business with more cash.
Economists said official growth figures could be upgraded later this month after data showed manufacturing output rose by 2.1pc in December.
U.S. stocks extended all-time highs as investors reignited reflation trades following the promise of details from the Trump administration on cutting taxes.
President Donald Trump says he has a "phenomenal" plan to revamp business taxes in the U.S. taking the Republicans by surprise.
The maker of Cillit Bang, Nurofen and Durex condoms has sealed a $90-a-share takeover of a US baby milk maker.
A 28-year-old Sydneysider is now sitting on $2 million worth of property investments after taking his hard-earned deposit elsewhere.
When Kyle Wiens' Apple laptop stopped working, he wanted to fix it. But there was just one problem. The thing standing in his way was Apple.