'Fundamental confidence' at Mood of the Boardroom 2015
Business confidence is being tested a bit by events including dairy price downturn, but there's a 'fundamental confidence' out there.
Business confidence is being tested a bit by events including dairy price downturn, but there's a 'fundamental confidence' out there.
Finance Minister raises spectre of a reversal of fortune as latest REINZ figures shows median Auckland house sale price dropped $20,000 last month.
The rebound came as China intervened in the market to stabilise its currency, which had declined sharply.
Wall Street was mixed, recovering from steeper losses, as investors reassessed the impact of China's currency devaluation.
Our senior business leaders are becoming increasingly concerned about the slowing economy, the Government's strategy and our reliance on China and dairy exports.
China surprised the world on Tuesday, announcing it would devalue its currency in a move likely to boost Chinese exports and support the country's flagging economic growth.
Guest nights fell across all accommodation sectors except backpacker stays.
The NZ dollar edged lower in Northern Hemisphere trading as investors weigh the impact of China's currency devaluation.
Finance Minister Bill English said today the Government would not be offering special financial support to dairy farmers in trouble because of low prices.
We are now virtually economic prisoners, forced to meet Chinese demand in order to retain a market that has become our life blood, writes Bryan Gould.
The kiwi dropped as low as 65.50 US cents, from 66.27 cents at 1pm, and was recently trading at 65.60 cents.
The number of mortgagee sales has jumped nationwide in the past quarter as worsening economic conditions and lower dairy payouts hit parts of provincial New Zealand.
Milk powder prices will need to improve substantially before Fonterra's revised farmgate milk price of $3.85 per kg of milk solids can become a reality, say analysts.
Fonterra lacks people who understand the impact of new and disruptive technologies, writes Keith Woodford.
The dollar consolidated overnight as comments from Federal Reserve officials kept expectations intact for a rate hike.
The kiwi may advance this week as traders have already priced in a weaker dairy sector.
The electronics market has been characterised by vigorous competition and cheap imports driving down prices.
The New Zealand dollar rose as high as 66.36 US cents due to volatile trading over the weekend.
New Zealand's listed companies are expected to present solid results to the market in the coming months but analysts are predicting cautious outlooks.
International travel figures released support suspicion that the economy's potential growth has been cut by slower population growth.
Investors should pay close attention to a company's outlook, sales and profit growth and debt position when it comes to its result, says the chairman of the Shareholders' Association.
The 'global savings glut theory' has been around since 2005 when US central banker Ben Bernanke started talking about it, writes Bernard Hickey.
Wellington businesses, particularly listed companies, continue to struggle, writes Brian Gaynor.
$4.55 swing in forecast milk price paid to farmers over two seasons shows there's something wrong with NZ's dairy model, says Landcorp Farming CEO Steve Carden.
The country's biggest exporter has lowered its price from a previous forecast of $5.25 following sharp falls in whole milk powder prices.
Paparimu dairy farmer Craig Maxwell says farmers are worried about the survival of their farms.
A drop in the price of milk on supermarket shelves could be in store for New Zealanders - but not anytime soon, says supermarket chain Countdown.