
Global fears hit NZ shares
Investor fears on world markets flowed through into local share trading yesterday as concern mounted about growth in the leading economies of the United States, China, Japan and the European....
Investor fears on world markets flowed through into local share trading yesterday as concern mounted about growth in the leading economies of the United States, China, Japan and the European....
The Reserve Bank has released an animated educational video explaining the functions of money in New Zealand.
Cloud accounting software firm Xero has snared Andy Lark, an expatriate New Zealander with a stand-out global career, to be its new
New Zealand commodity prices fell for a seventh consecutive month to an 18-month low in September, led by declining dairy prices.
A study of the superyacht industry has found visiting vessels generated more than $40 million for New Zealand last summer - which could rocket if facilities were expanded.
The NZ dollar edged up following its dramatic slump yesterday after the Reserve Bank confirmed speculation it intervened in the currency market.
The New Zealand dollar dropped against the greenback yesterday afternoon after the Reserve Bank released data which confirmed that it had put its money where its mouth was last month, selling $521 million in a bid to push the exchange rate lower.
US stocks took a breather after last week's records, ending a volatile few days in the red as some investors snapped up profits before the third quarter closes.
Liam Dann offers up five reasons for economic gloom and five reasons for cheer.
The NZ dollar slumped to its lowest in more than a year after RBNZ governor Graeme Wheeler jawboned it through a key support level of 80 US cents.
The New Zealand dollar could fall significantly over the next six to nine months and the Reserve Bank would welcome that, says Governor Graeme Wheeler.
New Zealand's financial regulator is probing two possible cases of insider trading and market manipulation, after receiving 15 complaints about such behaviour in the past year.
Reserve Bank Governor Graeme Wheeler says the NZ dollar is susceptible to a "significant downward adjustment," in a statement issued today.
Last month's trade deficit was an unexpectedly small $472 million as imports exceeded exports by 13 per cent.
New Zealand posted a narrower trade deficit in August as exports of live animals and dairy products rise and imports from major trading partners declined.
The dollar declined on concern about slowing growth in China and after Fonterra cut its forecast payout to farmers.
Shares in Chinese baby-milk maker Beingmate Baby & Child have rallied sharply since Fonterra entered an alliance with the firm, which includes the Kiwi dairy giant buying a 20 per cent stake in its new partner.