Aussie OCR stable at 2.5 per cent
The Reserve Bank of Australia said its currency, near a 4-year low, remains overvalued and needs to decline further to assist the economy, which is growing at a moderate pace.
The Reserve Bank of Australia said its currency, near a 4-year low, remains overvalued and needs to decline further to assist the economy, which is growing at a moderate pace.
Shares of Finzsoft Solutions jumped to a record after the financial software developer reported a profitable first half on Friday.
Australian company profits have ticked higher, thanks to healthier returns from the battered and bruised retail and manufacturing sectors.
Tomorrow will see the last GlobalDairyTrade auction before Fonterra releases its revised farmgate milk price forecast for 2014/15.
Inventory Technologies will join the NZX via a reverse listing using the shell of NZF Group, the listed financial services company blocked from liquidating this year.
Inflation is the right target for monetary policy, says Reserve Bank governor Graeme Wheeler, and has served the country well over the past 25 years.
Power companies' margins on retail electricity tariffs are unsustainably high, says a new report on listed NZ electricity stocks.
The rest of the world has woken up to the growth in demand for food, particularly for proteins, that will occur over the next 30 years.
Reserve Bank deputy governor Grant Spencer says the arrival of Asian banking giants is a watershed event that will boost competition and keep the dominant lenders "on their toes".
Global dairy markets have plummeted but New Zealand beef prices have continued to hit record highs, while sheepmeat prices have stayed firm, Rabobank says.
New Zealand shares fell yesterday, paced by Meridian Energy, Contact Energy and Mighty River Power as some investors looked to crystallise recent gains.
Wellington-headquartered investor Robt. Jones Holdings has added to its commercial and industrial property portfolio and is turning its attention to the British market.
The Australian sharemarket looks set to bounce back from its worst week in 18 months thanks to China's unexpected interest rate cuts.
New Zealand's market watchdog has declined only one financial adviser application since the collapse of David Ross' Ponzi scheme two years ago.
The Christmas madness is about to begin and for many retailers the stakes have never been higher, writes Business Editor Liam Dann.
New Zealand is on the edge of a smartphone revolution being led from an epicentre in Asia.
Anthony Dixon is happy to be back. The chief executive of electronics technology company Times-7 was in front of New Zealand's angel community again at the annual showcase investment event, but this time he had a lot more to smile about.
Serko, the online travel booking business, widened its first-half loss in line with its May prospectus as it hired more staff to chase sales growth.
Fisher & Paykel Healthcare shares have soared to a record high after the medical device maker's sixth profit guidance upgrade in two years.
New Zealand shares rose as Fisher & Paykel Healthcare advanced to a record after lifting its annual profit guidance. Xero fell as its first-half results showed a slower pace of growth.