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The following articles are sourced from The New Zealand Herald


Kiwi dollar slips after double hit
Sat, 02 Aug 2014 05:00
The New Zealand dollar was headed for a 0.8 per cent weekly decline as more buoyant US figures bolstered demand for the greenback and kiwi sentiment was dented by Fonterra Co-operative Group cutting its forecast payout and speculation...

 

Crafar farms buyers in new $70 million land deal
Fri, 01 Aug 2014 13:24
Chinese company Shanghai Pengxin has confirmed that it is aiming to buy a $70 million farm in the central North Island, which would be the second-largest foreign purchase of New Zealand land.The company said this afternoon that...

 

Cold snap boosts Kathmandu sales
Fri, 01 Aug 2014 11:21
Kathmandu Holdings says a cold snap last month in Australia and New Zealand helped generate more sales than anticipated when the outdoor apparel and equipment retailer announced a profit warning in June. The shares rose 5.1 percent.The...

 

Stock Takes: Lifeline for pipeline
Fri, 01 Aug 2014 09:30
Metro Performance Glass' solid sharemarket debut provided the shot in the arm New Zealand's initial public offering (IPO) pipeline needed.The glass supplier shares closed at $1.76 on their first day of trading on Wednesday, 3.5...

 

NZ dollar slips as greenback lifts
Fri, 01 Aug 2014 08:55
The New Zealand dollar weakened as US labour market data strengthened the greenback, bolstering optimism of an upbeat US non-farm payrolls report today which may reinforce the case for the Federal Reserve to hike rates sooner than...

 

World shares down as Adidas wrong foots
Fri, 01 Aug 2014 08:20
Equities on both side of the Atlantic sank overnight amid concern about US interest rate policy, a surprise profit warning from Adidas and a decision by Argentina to default on its debt.Shares of Germany's Adidas tanked 15.5...

 

Eventful outlook - NZ's booming convention business
Fri, 01 Aug 2014 07:36
On the floor of a conference about conferences, there's excitement mixed with a measure of frustration.The annual MEETINGS gathering in Auckland in June offered a "speed dating" opportunity for the record number of exhibitors and...

 

Argentina heads into default as debt talks fail
Thu, 31 Jul 2014 13:05
Talks aimed at averting Argentina's second default in 13 years ended with bitter recriminations Wednesday as the South American country said it could not accept a deal with U.S. hedge fund creditors it dismisses as "vultures."Court-appointed...

 

More than a third of Americans reported for debt
Thu, 31 Jul 2014 11:30
More than 35 percent of Americans have debts and unpaid bills that have been reported to collection agencies, according to a study by the Urban Institute.These consumers fall behind on credit cards or hospital bills. Their mortgages,...

 

NZ dollar slides to eight-week low
Thu, 31 Jul 2014 09:19
The New Zealand dollar slumped to an eight-week low as the US dollar jumped on better than expected US second quarter growth data, bolstering sentiment about the outlook for rising US interest rates.The kiwi touched 84.61 US cents...

 

Robust US economy emerges from new GDP stats
Thu, 31 Jul 2014 07:46
The US economy has rebounded with vigour from a grim start to 2014 and should show renewed strength into next year.That was the general view of analysts after the government estimated that the economy grew at a fast 4 per cent annual...

 

Wall St mixed as US economy gather steam
Thu, 31 Jul 2014 07:36
Wall Street was mixed overnight after the US economy kicked into a higher-than-expected gear in the second-quarter while Federal Reserve policy makers reminded investors that the nation's jobs and housing markets remain...

 

Brian Fallow: US data crucial to the fate of kiwi dollar
Thu, 31 Jul 2014 05:00
Exporters can only hope that the economic news out of the United States this week will reinforce, or at least not reverse, the New Zealand dollar exchange rate's recent descent from eye-watering heights.At the time of writing markets...

 

NZ dollar holds near seven-week low
Wed, 30 Jul 2014 18:04
The New Zealand dollar held near a seven-week low as traders await figures expected to show US economic growth is back on track and the results of the Federal Reserve's monetary policy review, which may hint at a better outlook.The...

 

Yellen to study broad range of indicators in search of inflation
Wed, 30 Jul 2014 14:00
The next time Federal Reserve Chair Janet Yellen grabs dinner at her favourite eatery, she might want to take a longer look at the cost of her entrée.That's because menu prices don't change as often as those for many other goods...

 

Building consents on the rise
Wed, 30 Jul 2014 11:00
New Zealand building consents increased at the fastest pace in three months in June, rising a seasonally adjusted 3.5 percent, led by a surge in Canterbury.The number of consents rose to a seasonally adjusted 2,104 in June from...

 

Westland Milk follows Fonterra, slashes payout forecast
Wed, 30 Jul 2014 09:17
Westland Milk Products, the Hokitika-based dairy cooperative, has followed Fonterra in cutting its forecast payout for the 2015 season, citing weaker global dairy prices and high New Zealand dollar.Westland, the nation's second-largest...

 

NZ dollar falls below 85 US cents after Fonterra cuts payout to farmers
Wed, 30 Jul 2014 08:47
The New Zealand dollar dropped below 85 US cents for the first time in seven weeks after Fonterra Cooperative Group cut its forecast payout to dairy farmers and a stronger US currency saw the kiwi lose some of its allure.The kiwi...

 

Wall St caution prevails
Wed, 30 Jul 2014 07:24
Wall Street was flat overnight in cautious trading, with sentiment bolstered by corporate earnings including from Merck and news that Windstream can spin off its telecommunications assets into a tax-lowering real estate investment...

 

Luxury oil summit during Rugby Cup was an 'investment'
Wed, 30 Jul 2014 07:02
Energy Minister Simon Bridges is defending a $240,000 bill for taxpayers to wine and dine 11 oil executives - including four nights' luxury accommodation, a sailing trip and the royal treatment for two games during the 2011 Rugby...

 

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