Income set to fall for NZ farmers
Sheep and beef farmers are in for a 13 per cent fall in income this year, particularly if the NZ dollar remains high, according to Beef and Lamb NZ.
Sheep and beef farmers are in for a 13 per cent fall in income this year, particularly if the NZ dollar remains high, according to Beef and Lamb NZ.
New Zealand shares declined with Sky Network Television leading the index lower again, falling along with Xero and Genesis Energy.
The NZD fell against the Aussie after the market took the view that the Reserve Bank of Australia is done with cutting interest rates for now.
In a major backwards step for its overseas operations, ANZ has struck a deal to sell off its retail and wealth operations across Asia.
Hellaby Holdings told shareholders the $322.5 million takeover bid is "significantly below" its independent adviser's valuation range.
Wall St was mixed amid better-than-expected US report on consumer spending and disappointing corporate earnings.
COMMENT: Two high-profile collapses from NZX-listed companies lately won't do wonders for the way bystanders perceive share investing.
It's been a disappointing season for sheep farmers but shareholders in Alliance Group - the country's biggest sheep meat processor - to look forward to.
New Zealand shares were mixed, with Sky Network Television, Restaurant Brands New Zealand and A2 Milk Co dropping while Spark New Zealand rose.
A Donald Trump win in next week's US presidential election would be bad news for the New Zealand economy, say ASB economists.
Christopher Niesche looks at the poor crisis management of the tragedy.
Gold futures rallied to a three-week high after US Federal Bureau said it's reopening an inquiry into Hillary Clinton's email use.
Sales at Countdown supermarkets rose 1.9 per cent in the first quarter of the 2017 financial year.
COMMENT: Higher-risk strategy can do really well -- or really badly.
COMMENT: What went wrong? Can directors, management and investors learn any lessons from these corporate collapses?
Meridian chief executive Mark Binns says he wants to see the Tiwai Point aluminium smelter stay, "but not at any cost".
The country's largest contract labour company, lifted first-half profit 15 per cent to $3.9 million.
The New Zealand dollar fell as rising US Treasury bond yields help drive up the greenback.
New Zealand shares bounced back from Wednesday's 1.5 per cent drop, led by Port of Tauranga and Scales Corporation while Comvita continued to fall.
New Zealand shares bounced back from yesterday's 1.5 per cent drop, led by Port of Tauranga and Scales Corporation while Comvita continued to fall.
NZ's monthly trade deficit widened to a record in September as meat exports dropped to their lowest level in more than three years.
The New Zealand dollar fell against the Chinese yuan on concern Beijing's devaluation of its currency is a negative signal about the Chinese economy.
The organiser of a proposed class action against the directors of software company Wynyard says shareholders are lining up to join.
Dreamworld CEO Deborah Thomas told a press conference staff are shattered by the events and that her thoughts and prayers are with the families.
Snapchat will seek to raise as much as US$4 billion in its planned initial public offering, according to people familiar with the matter.
The amount of money invested in KiwiSaver grew $2.5 billion in the last quarter to hit $35.9 billion, figures from Morningstar show. Morningstar's
The New Zealand dollar was little changed against the greenback ahead of data expectations.
Equities slid amid a disappointing outlook from Apple, while energy stocks fell with the price of oil.
The New Zealand dollar fell to its lowest level in more than a week against the Australian dollar .
New Zealand shares fell yesterday, following the Australian market lower as Comvita suffered from weaker sales.