The following articles are sourced from The New Zealand Herald

NZ sharemarket reverses weak start
Thu, 29 Jul 2010 20:43
The New Zealand sharemarket rallied from a weak start on a day in which investors watched the currency plunge and the official cash rate rise.When announcing the official cash rate was being lifted 25 basis points to 3 per cent,...

Speculation mounts of AAPt deal in Australia
Thu, 29 Jul 2010 14:40
Perth-based internet service provider iiNet has entered a trading halt ahead of a possible acquisition, according to a statement to the ASX.There is speculation in Australia that the company will acquire parts of AAPT from Telecom...

Bernard Hickey: Hitting the brick wall of too much debt
Thu, 29 Jul 2010 11:34
You almost have to feel for Alan Bollard.Right at the time when he would like to leave his foot on the accelerator to rumble over a few bumps in the road, the government is forcing him to slow down because of the extra chicane...

NZ dollar tumbles despite interest rates hike
Thu, 29 Jul 2010 10:23
The New Zealand dollar tumbled after Reserve Bank Governor Alan Bollard said interest rate increases will be more moderate than he had previously flagged and said the currency's strength is inconsistent with the weaker economic outlook.Bollard...

Brian Fallow: Bollard still expects 'respectable' growth
Thu, 29 Jul 2010 10:04
Governor Alan Bollard has acknowledged today what has has been apparent to the financial markets for a while.That is that the outlook for growth and inflation no longer warrants the staircase of official cash rate rises at almost...

Dow ends 4-day win streak on Fed economic report
Thu, 29 Jul 2010 09:20
NEW YORK - US Investors cashed in some of their recent gains on Wednesday after the Federal Reserve gave them more confirmation that the economic recovery is slowing.The Dow Jones industrial average fell almost 40 points after...

Bollard lifts OCR, future hikes likely to be less
Thu, 29 Jul 2010 09:00
The Reserve Bank has lifted the official cash rate from 2.75 to 3 per cent this morning. The move, though widely expected, is a sign that the economy is still growing enough for bank Governor Alan Bollard to keep winding back...

Groser 'shares no conflict'
Thu, 29 Jul 2010 04:35
Trade Minister Tim Groser owns 40,000 shares in a company which uses New Zealand technology to develop dairy farms in South America but he hasn't broken Parliament's rules. TV One News reported Mr Groser promoted the NZX-listed...

Tainui Group back in black after $61.1m turnaround
Thu, 29 Jul 2010 04:00
Waikato-Tainui's commercial arms has had a $61.1 million turnaround, it reported yesterday.Tainui Group Holdings and Waikato Tainui Fisheries recorded a net profit of $34.1 million for the year ended March 31 - a huge turnaround...

Confidence falls for third month
Thu, 29 Jul 2010 04:00
Business confidence has taken an unmistakable turn for the worse, with the National Bank's survey falling for the third month in a row.It is still in positive territory and pointing to the economy recording growth around 3 per...

Low offer for AMP shares sparks alert
Thu, 29 Jul 2010 04:00
AMP shareholders are being warned about a company offering to pay less than half the current market value for their shares.Investors received a letter from a company called Share Buyers Pty on Monday offering to pay A$2.29 per...

Dollar's upward climb 'limited'
Thu, 29 Jul 2010 04:00
Currency analysts are not expecting the New Zealand dollar to climb much higher than the six-month peak - close to US74c - it reached against the greenback late on Tuesday night.After hitting its high, it fell back to sit at US72.92c...

Wrightson delays trust deed meeting
Thu, 29 Jul 2010 04:00
PGG Wrightson Finance has rescheduled a special bondholder meeting because not enough bondholders either turned up or sent proxies.The meeting yesterday was to consider a proposal to amend the trust deed for $100 million of NZDX-listed...

NZ sharemarket lifts
Wed, 28 Jul 2010 18:44
The sharemarket rose today, led by Telecom and Contact Energy, and reflecting strength in offshore markets on the back of strong US corporate earnings.The benchmark NZX-50 index closed up 13.755 points, or 0.457 per cent, at 3022.181....

NZ sharemarket lifts early
Wed, 28 Jul 2010 10:39
The sharemarket gained in early trading as leading share Telecom reversed most of its decline yesterday.Telecom shares were up 3c to 196 in the first few minutes after the market opened, having yesterday depressed the market when...

Tax changes hit THL profit
Wed, 28 Jul 2010 05:20
NZX-listed Tourism Holdings expects its annual net profit to decline by $940,000 as a result of Government tax changes to depreciation. THL will increase its deferred tax liability adjustment for the year ended June 30 as a result...

David Pauly : Wall St's narrow vision is hitting firms in the wallet
Wed, 28 Jul 2010 04:00
To understand why individual investors abandon the stock market, you only have to look at the indignities suffered last week by Amazon.com, McDonald's Corp and T. Rowe Price Group.All three reported second-quarter profits that...

Telecom dips on uncertainty over separation plans
Wed, 28 Jul 2010 04:00
The New Zealand sharemarket shed some of Monday's gains, despite rises in markets around the world.The benchmark NZX-50 index lost 12.76 points to close at 3008.43 yesterday.Depressing the market was Telecom's 2 per cent...

Olam confident of Uruguay profit
Wed, 28 Jul 2010 04:00
Olam International could make takeover target NZ Farming Systems Uruguay profitable within two years, says the Singapore-listed company.Vivek Verma, managing director coffee and dairy divisions at Olam, said some of NZ Farming...

Telecom leads NZ stocks down
Tue, 27 Jul 2010 18:20
The New Zealand sharemarket shed some of yesterday's gains, despite rises in markets around the world.The benchmark NZX-50 index lost 12.76 points to close at 3008.43, after yesterday's gain of 26 points.Depressing the market...