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NZX rebounds as investors return to market
The New Zealand sharemarket has recovered from two days of falls, but the NZ dollar fell back from an initial rebound.
OCR hike not till December, say bank economists
Global turmoil in global markets means the next OCR hike is now likely to be December, not September, say a growing number of bank ecnomists.
NZX ahead, but warnings remain
The New Zealand stock exchange is soaring ahead this morning, with the benchmark NZX-50 up nearly 4 per cent in early trading.
Fran O'Sullivan: China ready to fight for its pound of flesh
Trade Minister will be under pressure in Beijing to live up to the terms of the FTA.
NZ dollar climbs back above US83c
The New Zealand dollar rose above 83 US cents after US equity markets snapped their slide on the back of a commitment from the Federal Reserve that it would keep interest rates near zero for at least two years to stimulate the ailing American economy.
NZ shares down 3 per cent
New Zealand shares are still falling this morning, with the local market down 3 per cent after big overnight losses on US and European exchanges.
Inside Money: Meltdown moments temporarily suspended
Overwhelmed by virtual rubber-neckers such as myself the recently upgraded NZX website froze on Monday morning.
NZ dollar falls as Wall Street sinks
The New Zealand dollar extended its decline against the greenback after a global equity and commodity markets slumped in reaction to the US credit downgrade.
Wall St plunges - Dow down 5.5pc
Wall St has followed European markets sharply down overnight, with the Dow Jones falling 5.5 per cent, the Standard & Poor's 500 index down 6.6 per cent and the Nasdaq down 6.9 per cent.
Warning for NZ as global stocks fall
The Dow has plummeted 4.4 percent overnight, dropping below the 11,000 level for the first time since November, as markets continued a global sell-off. It comes as Standard and Poor's warns New Zealand is among the countries that could suffer...
NZ stocks steady after early falls
The New Zealand stock exchange closed today down 2.78 per cent after sharp falls earlier today, but more markets around the world are continuing to suffer from investor concerns about the downgrading of the US credit rating.
NZ facing potential export driven slowdown
Standard & Poor's is warning that New Zealand may face an export-driven slowdown, due to weaker demand or lower export prices.
Small investors flee as NZX drops
Update: The NZX-50 has fallen 2.7 per cent today, as smaller investors spooked by global uncertainty, sell out. The ASX opened down 2.2 per cent.