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BUSINESS NEWS

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

18:09 Tue Jul 22 2014
While A2 Milk shares have gained 6.6 per cent, other New Zealand high growth stocks have experienced profit-taking.
17:36 Tue Jul 22 2014
The kiwi "is looking a little bit defensive" ahead of the Reserve Bank's review of the official cash rate, says ASB's Tim Kelleher.
Chorus 'gaming' rules: CallPlus
17:00 Tue Jul 22 2014
Internet service provider CallPlus has complained Chorus is cynically trying to avoid regulation on copper lines with its new services.
Flyover goes, but traffic stays in Wgtn
16:13 Tue Jul 22 2014
Labour MPs have welcomed a decision not to build a flyover next to an important New Zealand cricket ground in Wellington.
Moa nearly doubles NZ sales
15:00 Tue Jul 22 2014
Struggline boutique brewer Moa says it has nearly doubled its sales of its beer in New Zealand after rejigging its distribution structure.
Changes mooted for electricity switching
13:00 Tue Jul 22 2014
The Electricity Authority plans to impose restrictions on power retailers "saving" or "winning back" valuable customers who want to switch suppliers.
11:23 Tue Jul 22 2014
Milk company A2 says it now has clearance to export its infant formula to China while its processor Synlait isn't far away.
10:56 Tue Jul 22 2014
The Commerce Commission wants to crimp power companies' returns on their asset bases, which could save consumers $33m a year.
08:48 Tue Jul 22 2014
The NZ dollar slipped slightly on Tuesday morning to just below US87c as traders predict it will go down but won't say when.
Bikkies deal boost for Kiwi dollar
08:30 Tue Jul 22 2014
Traders who sold kiwi dollars after the MH17 disaster have bought back into the currency after market reaction wasn't as pronounced as expected.
18:50 Mon Jul 21 2014
Air New Zealand led gainers the NZ sharemarket's benchmark index, climbing 4.6 per cent, as markets recover from the MH17 disaster.
Amazon launches ‘all you can read’ service
17:30 Mon Jul 21 2014
Amazon are following in the footsteps of Netflix in their new ‘all you can read’ subscription service, giving readers a choice of 600,000 books for just $US9.99 per month.
Griffin's sold to Filipino company
16:30 Mon Jul 21 2014
Philippines-based company URC has bought NZ biscuit company Griffin's from Australia's PEP, but the biscuits will remain made in New Zealand.
NZ Post to sell Australian courier firm
14:30 Mon Jul 21 2014
NZ Post has hired 333 Capital for the sale of Couriers Please which operates in Australian metropolitan centres.
Kiwi muted ahead of expected OCR rise
12:30 Mon Jul 21 2014
The NZ dollar was little moved at just under US87 cents at the start to a week where the Reserve Bank is expected to raise the OCR for the fourth time.
11:41 Mon Jul 21 2014
Motor Trade Finances is warning its investors to treat any communications from Heartland New Zealand with caution.
Dairy farm confidence falls in survey
10:30 Mon Jul 21 2014
Meat and wool farmers are more confident but dairy farmers are less confident in a survey by Federated Farmers.
04:01 Sat Jul 19 2014
The Reserve Bank will attempt to find a way of signalling a pause in interest rates hikes without pushing up property prices.
18:14 Fri Jul 18 2014
"Boring stocks" are among those to rise on the NZX, as investors adopt a more cautious approach with events in Ukraine and Gaza.
Kiwi dollar slides amid grim world news
18:00 Fri Jul 18 2014
The NZ dollar slid lower to US86.75 cents on Friday morning as investors sought safety following the Ukraine plane crash and Israel invasion of Gaza.
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