Dollar rises as Chinese equity gains boost optimism
Global equity markets gained and commodity markets rallied overnight, triggered in part by a late surge in Chinese equities.
AdvertisementAdvertise with NZME.
Latest fromTrade
Dollar falls as traders focus on likely RBNZ rate cut
Traders have put 78 per cent odds of Reserve Bank governor Graeme Wheeler cutting the official cash rate.
NZ dollar declines on US labour market data
The NZ dollar declined after US labour market data left open the possibility of US interest rate hikes this month.
Milk output surges despite low prices
Low world dairy prices aren't stopping the NZ industry - production was up 13pc last month from July last year.
NZD declines as US signals economic expansion
US economic data has kept alive expectations the Federal Reserve may hike interest rates this month.
Dairy prices keep rising
Whole milk powder prices, which are the key to determining Fonterra's farmgate milk price, rose by 12.1 per cent to an average US$2078 a tonne.
Fonterra auction tactic succeeds
Fonterra's move to cut the amount it sells on its global dairy auction appears to have worked.
Dollar declines as investors exit higher risk trades
The dollar fell after weak Chinese factory data yesterday raised concerns about a slowdown in Asia's largest economy.
Dollar helps lift terms of trade 1.3%
New Zealand's terms of trade unexpectedly rose in the second quarter as a slide of almost 10 per cent in the Kiwi dollar helped lift prices of exports such as dairy products.
Dollar drops as high yielding currencies sold
Investors are selling currencies such as the kiwi as they unwind so called 'carry trades'.
Many undecided over TPP
More than half of New Zealanders appear to have made up their minds already about whether the Trans Pacific Partnership is a good or bad thing.
NZ dollar slips as US dollar strengthens
The USD strengthened after Fed Reserve officials signalled the US central bank is on track for a potential rate hike next month.
NZ fighting Indonesia trade curbs
New Zealand is prepared to fight for "the principles of trade" in its beef battle with Indonesia, says our ambassador to the Southeast Asian nation.
Dollar lifts with other commodity-linked currencies
The dollar edged up with gains limited by a stronger US dollar buoyed by better economic data.
Anti-TPP protesters target Key meeting
Protesters jostled with police last night as they tried to disrupt a National Party fundraising event in Dunedin.
F&P Healthcare boss steps down
The departure of Fisher & Paykel Healthcare chief executive Mike Daniell might unsettle some investors but is unlikely to derail the company, say market players.
F&P Healthcare's Daniell retires, upgrades guidance
F&P Healthcare's boss Mike Daniell says he'll retire this year, as the company announces an upgrade to its earnings guidance.
World's biggest bank steps up expansion
The world's largest bank, Industrial and Commercial Bank of China, is stepping up its international expansion to offset China's slowing economic growth, according to former chief executive Yang Kaisheng.
Trade deficit smaller than expected in July
The country's trade deficit was smaller than expected in July as exports of fruit and meat drove overseas sales higher.
NZX ignores Wall Street's weak finish
In the first minutes of trade, the S&P/NZX50 was up 28 points, led by post-result gains from Air NZ and Metlifecare.
NZ dollar stable following China fall
It follows a period of volatile trading as investor confidence about weakness in China abated.
TPP sceptics won't halt deal
Trade Minister Tim Groser has lashed out at public opposition to the Trans Pacific Partnership, saying he won't let "anti-trade forces" stand in the way of the contentious deal.
China stocks tumble again
The New Zealand sharemarket staged a comeback yesterday after being 2.5 per cent down at one point but China's sharemarket rout continues.
Shockwaves after Black Monday
New Zealand experts surveying the fallout from China's "Black Monday" stock market tumble will look to see if it reflects bigger problems in that country's economy, which is a big buyer of our exports and a source of tourists.
NZ dollar rallies after turmoil
The New Zealand dollar bounced from a six-year low after two days of turmoil spurred by the prospect of deteriorating Chinese economy.
NZ shares pull out of China nose-dive
NZ shares have stabilised, with the S&P/NZX50 index down just 9 points today.
Black Monday fallout: NZX down
The local sharemarket opened down 2.4 per cent, after a wild overnight ride on world markets.
NZ dollar slumps to lowest level in six years
The New Zealand dollar slumped to its lowest level in six years as equities sank amid concerns about global growth.
Black Monday fallout: Dollar slumps
The New Zealand dollar slumped to its lowest level in six years after billions of dollars were wiped from financial markets in the US, Europe and Asia.
Global selloff pushes NZ shares lower
New Zealand shares dropped yesterday in a global selloff after weak Chinese manufacturing data added to concern about the world's second-largest economy.