Earnings drop predicted for BHP
esources giant BHP Billiton is expected to post a third consecutive profit fall on Wednesday, largely because of last year's huge slump in iron ore prices.
esources giant BHP Billiton is expected to post a third consecutive profit fall on Wednesday, largely because of last year's huge slump in iron ore prices.
New Zealand shares dropped as institutions sold stocks to participate in a placement in Auckland Airport.
Investors in the frozen Hubbard Management Funds will get all of their capital back.
The Reserve Bank is grappling with the prospect of a property bubble emerging from the current low interest rate environment.
ANZ's Truckometer rebounded last month, but suggests the economy is not off to a strong start this year.
Telecom has admitted the Yahoo Xtra email service has been hacked as hundreds of customers continue to receive spam mail, some from dead relatives.
Hundreds of New Zealanders have had their email accounts hijacked by "savvy" spammers and users are being asked to change their passwords as soon as possible.
The co-founder and chief executive of daily deal website GrabOne is planning to take a well-earned rest after he leaves the company next month.
Analysts are picking a positive reporting season driven by strong performances in the retail and construction sectors but warn New Zealand's high dollar could be a stumbling block this year.
January was a great month for sharemarkets with the NZX 50 Gross Index gaining 4.6 per cent while the ASX200 Accumulation (gross) Index appreciated 5 per cent.
Briscoe Group says annual profit climbed at least 9 per cent after a good Christmas sales period.
The NZIER shadow board believes Reserve Bank governor Graeme Wheeler should leave the official cash rate on hold at 2.5 per cent tomorrow but, like last month, the margin by which they prefer that to a rate cut is narrow.
This year is shaping up to be a very busy one for new sharemarket listings...
An uncompetitive economy like ours becomes more and more dependent on those fewer and fewer sectors that can compete in international terms, writes Bryan Gould.
Auckland continues to be one of the most unaffordable cities in the world to buy a home, with an international study ranking London, New York and Los Angeles more affordable.