Stock Takes: NZ bourse likely lure for China
The Chinese market crash and new rules combine to make investors look further afield.
The Chinese market crash and new rules combine to make investors look further afield.
Reserve Bank may take interest rates to a new record low by October.
Wall Street moved lower overnight as Greek lawmakers prepared to vote on a proposal that would secure its third international bailout.
New Zealand shares rose as investors bought yield stocks such as Meridian Energy and Spark New Zealand, in anticipation of interest rates falling and as global sentiment became more upbeat. Air New....
US retail sales slid 0.3pc in in June, the weakest since February, lowering expectations the Fed will hike interest rates in September.
Kathmandu's new chief executive, French born Xavier Simonet, is already eyeing up global growth for the outdoor clothing and equipment retailer despite its current market struggles.
A slowdown in the Chinese economy isn't expected to crimp demand for education in New Zealand.
BP New Zealand generated its smallest earnings in more than a decade due to falling oil prices.
Auckland's median house price rose a record 26 per cent to $755,000 over the past year.
It's impossible to know where the rout of Chinese stocks will end but there's little doubt its effects will wash over Australia one way or another, says Christopher Niesche.
The head of New Zealand's biggest insulation manufacturer welcomed the Government's decision to require all tenanted properties to have ceiling and underfloor insulation.
Wall St and European shares fell overnight as fears about the Chinese share fire sale and its economic outlook grows.
The NZ-founded carbon recycling company is shifting into commercialisation from its previous development phase.
US faith-based merchants contributed to a 39 per cent boost in the mobile payments app developer's revenues.
NZX says a lack of basic shareholder protections could tarnish the reputation of the country's capital markets.
Business confidence has fallen to a three-year low, led by regions like Waikato, Canterbury and Southland particularly exposed to the dairy sector.
Economics editor Brian Fallow says today's business opinion survey shows we've passed the peak of economic growth.
The country's business confidence plunged as companies became pessimistic about profitability expectations.
The Greek rejection of the creditor bailout package has lead to a fall in world shares, oil and the European currency.
The owner of the Sams Creek Gold Project, which sits atop what could be New Zealand's biggest undeveloped gold deposit, has slashed the value of the resource.
Milford Asset Management has lost five wholesale clients, including financial services provider Mercer, since its $1.5 million settlement with the FMA last month.
Silver Fern Farms says the group agitating for change at New Zealand's biggest meat processor has misled shareholders.
Australian unemployment is believed to have bumped higher last month thanks to a slowdown in the creation of new jobs.
NZX dairy futures pricing continues to point to more weakness in the whole milk powder market, following on from the sharp decline at last week's GlobalDairyTrade auction.
New Zealand shares fell yesterday in a region-wide sell-off as uncertainty over Greece's financial stability overshadowed equity markets.
The worst monthly slump in Chinese stocks in two years wiped away more than US$34 billion ($50.8 billion) in combined net worth of the richest people in June.
The Bunnings chain of hardware stores have been a great success story, but the chain is at risk of becoming a victim of its own success, writes Christopher Niesche.
Hamish Fletcher says he FMA, after some law changes, now has the tools that allow it to proactively stamp out misleading conduct in the market.