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BUSINESS NEWS

Latest business news updates about the stock markets, economy, personal finance, property and Kiwisaver.

15:32 Thu Jul 24 2014
Japan's trade deficit surged to a record 7.6 trillion yen ($A81.04 billion) in the first half of the year, according to preliminary data.
15:16 Thu Jul 24 2014
The Moa brewing group plans to raise nearly $6 million capital through a placement and rights issue.
14:51 Thu Jul 24 2014
A government report into Asian consumer demand for Kiwi food products shows it is an increasingly important market for New Zealand.
14:48 Thu Jul 24 2014
Facebook's net income leapt to $US791 million ($A855.83 million) during the three months ended June 30.
14:19 Thu Jul 24 2014
Canadian-owned Lynx Platinum is the only company to be awarded exploration licences in a government tender for South Island metals exploration.
13:43 Thu Jul 24 2014
Net profit for the world's second-largest chipmaker, SK Hynix, amounted to $A71.19 million for April to June, down 29 per cent from a year ago.
South Korea slowdown linked to ferry tragedy
13:00 Thu Jul 24 2014
South Korea's Sewol ferry disaster has been linked to the economy's slowest growth in more than a year in the second quarter.
11:48 Thu Jul 24 2014
Bombardier chief executive Pierre Beaudoin says the Canadian aviation company will shed 1800 jobs by January 1 as part of a major overhaul.
Kiwi dollar tumbles after rates rise
11:44 Thu Jul 24 2014
The RBNZ says it will wait and see if four consecutive OCR rises are having the desired effect before thinking about a fifth hike.
Labour promises broadband for everyone
11:30 Thu Jul 24 2014
Labour says if it leads the next government it will improve access to broadband and ensure everyone can connect to the internet.
11:09 Thu Jul 24 2014
New Zealand's June trade surplus of $247 million and annual surplus of $1.2 billion have exceeded economists' expectations.
Kiwi man loses thousands in IRD scam
11:00 Thu Jul 24 2014
The Inland Revenue Department is warning people of a telephone scam threatening people with jail or deportation unless they pay their tax debt.
10:48 Thu Jul 24 2014
Former McCain Foods boss Steve Yung will switch to fishing next month when he takes up the reins at Sealord.
10:30 Thu Jul 24 2014
The NZ dollar has dropped US1 cent following strong words from RBNZ governor Graeme Wheeler about the high currency.
09:25 Thu Jul 24 2014
Finance News Update, what you need to know
09:06 Thu Jul 24 2014
Daimler's earnings before interest and taxes from ongoing business rose 12 per cent in the second quarter from a year earlier.
08:58 Thu Jul 24 2014
GM has announced another recall, this time for the height adjuster for driver and passenger seats on more than 414,000 vehicles.
08:34 Thu Jul 24 2014
The NZ dollar was steady against the US dollar, trading at US86.87 cents, ahead of an expected OCR rise on Thursday.
06:49 Thu Jul 24 2014
Swiss bank UBS will have to pay $A1.65 billion bail after being charged with tax fraud in Paris.
04:51 Thu Jul 24 2014
World Bank president Jim Yong Kim has praised Indian premier Narendra Modi's ambitious vision for the country and offered up to $US18b in support.
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