Recession lurks in shadows
New Zealand is enjoying 3.2 per cent economic growth and 0.1 per cent inflation, the statisticians tell us, but Bank of New Zealand economists warn we could see those numbers switch.
New Zealand is enjoying 3.2 per cent economic growth and 0.1 per cent inflation, the statisticians tell us, but Bank of New Zealand economists warn we could see those numbers switch.
The dual-listed outdoor apparel retailer has hired Goldman Sachs as its adviser and there will almost certainly be push-back on the pricing of the deal.
We like to think of ourselves as an innovative bunch with a history of solving difficult problems with No 8 fencing wire.
Z Energy, the listed service station chain, said its planned $785 million purchase of rival Chevron New Zealand's Caltex-branded network won't drive up prices at the pump because the target doesn't....
World stockmarkets have moved only slightly overnight, as the news from Greece changes minute by minute.
If successful the takeover would give Briscoe Group access to the Australian market, where Kathmandu already has 100 stores.
World shares have slumped on concern Greece is headed for default and exit from the euro zone.
Currency traders will be on tenterhooks this week as the Greek sovereign debt crisis goes from bad to worse, with more downward pressure likely to come on the Kiwi dollar.
Low dairy prices have not dampened demand for palm kernel - a supplementary feed which has the effect of "turbo-charging" milk production.
Prime Minister John Key says overseas markets are causing high prices for milk at home.
For the month of May, New Zealand had a trade surplus of $350 million, beating expectations for a $100 million deficit.
JPMorgan's hat tip to the New Zealand Superannuation Fund was PR manna from heaven after all the hoo-haa a few months back over its ill-fated Portuguese excursion.
More than half a billion dollars has been wiped off the value of NZX-listed electricity firms today.
Wall St moved lower overnight with European equities as the posturing between Greece and its international creditors continued.
The swiftness of the New Zealand dollar's drop in recent weeks has taken many businesses by surprise, says ASB Bank.
Currencies tend to act like a country's share price, falling to reflect a worsening outlook and rising when things start to look brighter, says Mark Lister.
Wall Street rose overnight, pushing the Nasdaq to a record, amid optimism Greece and its international lenders are finally nearing a deal.
A battle is brewing over a nearly fivefold jump in fees for some companies listed on the NZAX alternative market.
A device that sends text messages to a farmer when a cow is about to give birth is now available in New Zealand.
Conservative KiwiSaver funds, including the nine government- appointed default funds, face a poor outlook, an economic think-tank has warned.
More taxpayer money could be spent on a controversial demonstration farm in Saudi Arabia but nothing is planned at present, Prime Minister John Key says.
Brace yourself for life with a less valuable dollar. It won't be easy, we've grown used to the buying power that a strong currency brings.
Last week the world's greatest living investor and third richest person made his first foray into the Australian stock market with a A$500 million stake in insurer IAG.
Gross domestic product grew just 0.2 per cent in the first three months of the year, according to Statistics New Zealand.