NZ dollar gains against US and Aus
The New Zealand dollar gained against its US and Australian counterparts, consolidating above US 70 cents following a run of falling sharply against the greenback.
The New Zealand dollar gained against its US and Australian counterparts, consolidating above US 70 cents following a run of falling sharply against the greenback.
The New Zealand dollar rose along with other commodity linked currencies as raw material prices gained and the greenback slipped from
Wall Street rose to record highs amid bets that potential tax cuts and spending under Trump could accelerate.
New Zealand shares were mixed with Metro Performance Glass falling while Kiwi Property Group and Evolve Education Group gained.
The New Zealand dollar was little changed at about 70 US cents and is poised to extend its 5.2 per cent decline of the past two weeks.
New Zealand retail sales rose in the third quarter, led by increased spending on vehicles and fuel.
Kiwi exporters are confident about 2017 despite uncertainties after Brexit and President-elect Donald Trump.
Although it's early days for assessing the impact of the quake, analysis shows the government is well placed to handle the costs.
COMMENT: As much as we'd like his wall to block off the Trump-effect from the rest of the world, no one is immune in the still globalised world.
Seadragon is transitioning to higher value Omega-3 fish oil products from Omega-2.
Stocks on both sides of the Atlantic gained, and so did the US dollar, after Federal Chair Janet Yellen's testimony to Congress cemented
The New Zealand dollar was little changed against the greenback as the US dollar index reached technical resistance levels.
New Zealand shares dipped, led lower by Orion Health Group and Metro Performance Glass, while New Zealand Refining Co gained on improved margins.
Steel & Tube Holdings boss Dave Taylor says a "dramatic upswing" in coking coal prices and higher iron ore prices meant there needs to be a hike in domestic steel prices.
Abano Healthcare's board has reiterated its advice that shareholders should wait for a formal recommendation before accepting a partial takeover offer.
New Zealanders are still reeling and rattled from Monday's 7.8 earthquake - but our markets barely felt the tremors.
Disgruntled Veritas Investments shareholders fired a salvo of questions over poor performance and the tanking share price for the group.
Rakon posted a first-half loss, blaming a sluggish telecommunications network industry for lacklustre sales.
Wall Street fell with bank stocks, while some tech shares including Apple continued a rebound from a recent slide.
New Zealand shares rallied, led by New Zealand Refining Co, Summerset Group Holdings and Trustpower, while Auckland Airport dropped.
The New Zealand dollar fell as the greenback held near its highest levels in 11 months.
Neither Ralec nor NZX will get a payout from their seven-year High Court dispute.
The dollar fell as stronger-than-expected US retail sales and manufacturing data extended the greenback's rally.
Tech stocks rose as investors took advantage of their post-US-election slump.
New Zealand shares advanced for a second day, with Fletcher Building extending its gain as fallout from Monday morning's 7.5 magnitude Kaikoura earthquake continues.
The New Zealand dollar gained as US bonds rose in Asia, capping a selloff that drove yields to their highest levels this year and dragged the greenback up with them.
Share market investors are expected to be "gun-shy" and hold off from big trades until they believe the aftershocks are over.
The New Zealand dollar was little changed, holding its ground against the US greenback.
US Treasuries dropped, while the greenback strengthened amid expectations Trump will boost spending and inflation.
Kiwis are losing millions a year to illegal investment scams that the Financial Markets Authority is trying to crack down on.