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BUSINESS NEWS

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

17:55 Thu Apr 24 2014
Energy stocks are continuing to rise on hopes opposition parties seeking to regulate the sector won't be calling the shots after the election.
17:31 Thu Apr 24 2014
There was no surprise when the Reserve Bank of New Zealand hiked its official cash rate on Thursday but the NZ dollar rose anyway.
Southern Cross Forest receiver closes mill
15:30 Thu Apr 24 2014
The receiver of Southern Cross Forest Products is closing a mill and winding down the Australian unit in a bid to sell the business as a going concern.
Opposition lays rate rise blame with govt
13:30 Thu Apr 24 2014
Labour and the Greens say it's home owners who will feel the impact of the second official cash rate rise in as many months.
10:58 Thu Apr 24 2014
Chorus is warning a Commerce Commission decision on copper pricing will lower its earnings by up to $10m.
10:24 Thu Apr 24 2014
The Financial Market Authority is now also looking into interest rate swaps banks offered to rural customers, joining the Commerce Commission's probe.
Inflation pressures force OCR rise: RBNZ
09:51 Thu Apr 24 2014
Reserve Bank governor Graeme Wheeler says inflation pressures are becoming apparent, which meant a second OCR rise in two months was needed.
09:30 Thu Apr 24 2014
Abano Healthcare is considering a request by two major shareholders to vote on dumping its chairman Trevor Janes.
08:28 Thu Apr 24 2014
The NZ dollar was steady at US85.92 cents in Wellington ahead of a widely tipped OCR rise, with traders awaiting accompanying RBNZ comments.
18:03 Wed Apr 23 2014
Energy stocks pushed the New Zealand market higher as investors bet the government is in a stronger position to be re-elected.
17:53 Wed Apr 23 2014
The NZ dollar is up against the aussie dollar on the eve of an interest rate decision in New Zealand on Thursday.
Kiwi breaks US86c on OCR confidence
17:30 Wed Apr 23 2014
The New Zealand dollar rose above US86 cents as investors were increasingly confident the Reserve Bank would again raise the OCR.
McDonald's NZ lifts annual sales
15:30 Wed Apr 23 2014
McDonalds New Zealand lifted sales in 2013, a year in which it relaunched the Georgie Pie brand.
Migration causes inflation concern
13:30 Wed Apr 23 2014
Statistics for March continue a trend of increasing migration to New Zealand, which may prompt action from the central bank.
Hotel chain mulls capital return
11:30 Wed Apr 23 2014
Millennium & Copthorne Hotels could return capital to investors if its Chinese property development investment floats on the stock exchange.
Kiwi edges up ahead of rate review
09:30 Wed Apr 23 2014
After coming under selling pressure on Easter Monday, the kiwi has edged up against the US dollar.
18:59 Tue Apr 22 2014
Genesis Energy shares have gained 1.1 per cent on their second day of trading, with buying rubbing off on other power companies.
Air NZ's Singapore codeshare approved
17:00 Tue Apr 22 2014
Singapore's Competition Commission has given a green light to a prorposed codeshare agreement between Air New Zealand and Singapore Airlines.
NZ dollar falls after positive US data
17:00 Tue Apr 22 2014
Positive jobless and manufacturing data out of the United States helps drive the greenback higher against the NZ dollar.
Warehouse shares jump to six-week high
17:00 Tue Apr 22 2014
A Craigs Investment Partners analyst has upgraded Warehouse Group shares from "hold" to "buy".
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