Weaker dollar offsets commodities price drop
A weaker exchange rate more than offset lower world prices for most of the country's export commodities last month.
A weaker exchange rate more than offset lower world prices for most of the country's export commodities last month.
Moody's Investors Service has given the Australian economy an upbeat assessment and says its currency's rating remains stable.
Trading on New Zealand's stock market has been restarted after a three hour halt caused by technical issues.
More than 3600 former Feltex shareholders are now opted into litigation against the carpet-maker's former directors and an updated list of claimants has been filed with the High Court.
Infant formula is clearly where the action is on the international dairy markets.
It's been a roller coaster week for the New Zealand share market. The NZX 50 fell more than 1 per cent on Tuesday as the Chinese stockmarket fell to its lowest level in four years amid fears of a credit squeeze slowing its economy.
A resurgent American economy would have a major impact on New Zealand, writes Peter Lyons. The events of the past few weeks provide a taster.
Mainfreight says an official history of the company is incorrect - and that a big lawsuit against the former owners of a European firm it bought has yet to begin.
Markets across the region were further rattled yesterday as the Chinese stockmarket fell to its lowest level in four years.
Ongoing fallout from the US plan to easemoney printing policy and uncertainty in Asian markets are being blamed for a fall on the New Zealand share market.
Mighty River Power shares slumped to a new low of $2.23 this morning as the local stock exchange followed world markets down, reaching its lowest point in a month.
Sky TV has taken a big hit over the news of losing the rights to show English Premier League football to TVNZ and Coliseum EPL Management, but there appears to be division over the longer-term impact.
Wall Street has declined after Fed chairman Ben Bernanke said the central bank may begin tapering its US$85 billion-a-month bond-buying program later this year.
Fran O'Sullivan asks: "Is the MediaWorks receivership simply the first move in a long-running play that will ultimately return more media assets into NZ ownership?"
'I've never been struck by lightning in all my years of flying.' An MP was one of many who got a shocking surprise on an Air NZ flight this morning.
It is becoming clear that the resumption of normal service in the United States economy won't be painless for New Zealanders.