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BUSINESS NEWS

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

11:50 Sun May 19 2013
A Hawke's Bay iwi is buying back tribal land as part of a plan to expand its business interests beyond fishing.
04:01 Sun May 19 2013
Indonesia has been a good market for New Zealand businesses but they can do more sales there, says the head of a trade mission.
16:34 Sat May 18 2013
Having done a deal to build a convention centre in Auckland SkyCity is buying a boutique casino in Queenstown to expand there.
13:40 Sat May 18 2013
Business confidence is on the rise in Auckland with 50 per cent of firms believing the business situation will improve.
China blocks NZ meat over MPI name change
09:00 Sat May 18 2013
China has been blocking NZ meat imports for nearly a week because it doesn't accept export certificates from the new Ministry for Primary Industries.
18:48 Fri May 17 2013
A selldown by Summerset's big Australian shareholder and the Australian manufacturing slump's effect on Nuplex have impacted on the NZ sharemarket.
18:29 Fri May 17 2013
The Reserve Bank will air its concerns about financial stability risks before using its new prudential tools.
18:13 Fri May 17 2013
The kiwi dollar is falling as currency market positions against the US dollar are being reversed, says HiFX currency strategist Dan Bell.
Rating agency cuts outlook for small banks
17:30 Fri May 17 2013
Global credit rating agency Standard & Poor's cuts its outlook on eight of the smaller local banks to negative raising the prospect of a rating downgrade.
17:20 Fri May 17 2013
Nuplex shares have dropped nearly nine per cent after it cut its full-year earnings guidance again.
16:05 Fri May 17 2013
Australian private equity firm Quadrant is left with about 23 per cent of retirement village operator Summerset after another selldown of its shareholding.
14:27 Fri May 17 2013
More respondents in the ANZ-Roy Morgan consumer confidence survey feel better off financially than they did a month ago.
12:16 Fri May 17 2013
Electricity and gas input prices for producers jumped 15.1 per cent in the first quarter, with lower hydro lake levels lifting generation prices.
10:20 Fri May 17 2013
Interisland ferry Kaitaki will get a $4.5m facelift after KiwiRail decided to renew its lease for another four years.
09:28 Fri May 17 2013
Speculation that the US Federal Reserve may end its quantative easing policy soon drags the NZ dollar to its lowest point in 2013 against the greenback.
18:17 Thu May 16 2013
Telecom shares dropped 2.7 per cent after investors were told that its full-year earnings would be at the bottom end of its guidance range.
17:43 Thu May 16 2013
With the budget keeping the government on track for a surplus in 2014/15 and the US dollar stumbling, the kiwi dollar has risen from recent lows.
17:08 Thu May 16 2013
Fitch Ratings, Moody's Investors Service and Standard & Poor's all said their respective sovereign ratings for New Zealand were unaffected by the budget.
17:00 Thu May 16 2013
Business groups have reacted positively to budget boosts to innovation and research, but others say more training help is needed for young people.
Revenue boost for Wellington Airport
16:00 Thu May 16 2013
Accused of extracting super profits by the regulator, Wellington Airport posts a 20 per cent increase in revenue from its main customers.
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