Posts filtered by tags: Nz[x]


NZ shares rise as Fletcher extends gain; Metroglass jumps

New Zealand stocks rose, led higher by Fletcher Building as the construction company extended a recent rally. Metro Performance Glass jumped 13 per cent after meeting its downgraded earnings guidance. The S&P/NZX 50 Index increased... [Author: [email protected]]
Tags: Business, New Zealand, Nz, Fletcher, Metro Performance Glass, Fletcher Building, MetroGlass

NZ dollar eases as US-China trade war, Brexit saga drag on

The New Zealand dollar was slightly weaker as indications of softness in the domestic economy added to worries about the United States-China trade war and the ongoing Brexit saga.The kiwi was trading at 64.88 US cents at 5pm in... [Author: [email protected]]
Tags: Business, US, New Zealand, Brexit, Nz, United States China, US China

NZ shares edge up; Infratil gains after placement

New Zealand shares edged higher, with Infratil one of the most active stocks when it resumed trading after being halted for a $100 million placement last week. The S&P/NZX 50 Index increased 21.39 points, or 0.2 per cent, to 10,237.48.... [Author: [email protected]]
Tags: Business, New Zealand, Nz, Infratil

NZ dollar trades near 2019 low on Aussie rate outlook, China worries

The New Zealand dollar was little changed as investors bet on an Australian rate cut in June, continue to fret about the United States-China trade war and as elections for the European Parliament get underway in 28 countries.The... [Author: [email protected]]
Tags: Business, China, New Zealand, European Parliament, Nz, United States China

NZ shares fall; ComCom's fibre views knock Chorus

New Zealand shares fell, led lower by Chorus, after investors were spooked by potentially stricter regulation of its ultrafast broadband network than they'd anticipated. The S&P/NZX 50 Index decreased 18.06 points, or 0.2 per cent,... [Author: [email protected]]
Tags: Business, New Zealand, Nz, ComCom

NZ dollar falls after RBA governor signals potential rate cut

The New Zealand dollar fell against the greenback, dragged down by its trans-Tasman counterpart after Reserve Bank of Australia governor Philip Lowe talked about considering a rate cut in two weeks' time.The kiwi was trading at... [Author: [email protected]]
Tags: Business, Reserve Bank of Australia, New Zealand, Nz, RBA, Tasman, Philip Lowe

Slade Robertson: Time to celebrate New Zealand shares

On the 23rd of April, the NZ share market index (S&P/NZX50) broke through the 10,000 level for the first time in its history. But a quick look back through the major headlines around that day suggest we were more focused on weather... [Author: [email protected]]
Tags: Business, New Zealand, Nz, Slade Robertson

NZ shares rise; Auckland International Airport hits record

New Zealand shares rose in quiet trading, as investors prepare for a flurry of earnings next week. Infratil entered a trading halt for the first tranche of a $400 million capital raising. The S&P/NZX 50 Index increased 3.81 points,... [Author: [email protected]]
Tags: Business, New Zealand, Nz, Infratil, Auckland International Airport

NZ dollar firms against the Aussie heading into federal election

The New Zealand dollar rose against its trans-Tasman counterpart as the market awaits the outcome of Australia's federal election tomorrow and as trade tensions between China and the US remain top of mind among traders.The domestic... [Author: [email protected]]
Tags: Business, Australia, China, US, New Zealand, Nz, Tasman

NZ dollar weakens on strong US data, trade tensions

The New Zealand dollar opened weaker after stronger than expected US data gave the greenback a lift and as trade tensions continue to dampen risk appetite.The kiwi was trading at 65.37 at 8am in Wellington versus 65.51 late yesterday.... [Author: [email protected]]
Tags: Business, US, New Zealand, Wellington, Nz

NZ shares extend gain in increasingly volatile market

New Zealand shares rose for a second day in an increasingly volatile market. Equities rose across Asia and Chorus led the local market higher. The S&P/NZX 50 Index increased 45.41 points, or 0.4 per cent, to 10,176.99. Within the... [Author: [email protected]]
Tags: Asia, Business, New Zealand, Nz

NZ dollar little changed after brief spike on Aussie jobs data

The New Zealand dollar ended the day little changed after spiking briefly against its Australian counterpart on mixed jobs data there.The kiwi was trading at 94.72 Australian cents at 5pm in Wellington, from 94.69 at 7:45am, but... [Author: [email protected]]
Tags: Business, New Zealand, Wellington, Nz

NZ's most complained about ads in 2018

The Advertising Standards Authority (ASA) has released the ads Kiwis' most complained about in 2018. Last year the authority received 1338 complaints about advertisements – an increased on the 1168 complaints they received in 2017.... [Author: [email protected]]
Tags: Business, Nz, Advertising Standards Authority ASA

US dairy on high alert over NZ threat in CPTPP trade deal

The US food and agriculture industry says New Zealand is among those "stealing" markets from American exporters as pressure ramps up on the Trump administration to secure a trade deal with Japan.The US National Milk Producers Federation... [Author: [email protected]]
Tags: Business, Japan, US, New Zealand, Nz, Trump, US National Milk Producers Federation

NZ tech star Xero loses $27.1 million

Accounting software company Xero widened its annual loss while growing operating revenue 36 per cent and subscriber numbers by 31 per cent.Xero reported a $27.1 million net loss for the 12 months ended March, up from the previous... [Author: [email protected]]
Tags: Business, Nz, Xero

Vodafone sale may shake-up NZ telco infrastructure

Infratil's billion-dollar play for Vodafone New Zealand is set to change the way telecommunications firms invest in national infrastructure.Chief executive Marko Bogoievski told analysts this week that the nation can't afford to... [Author: [email protected]]
Tags: Business, Vodafone, Nz, Infratil, Vodafone New Zealand, Marko Bogoievski

A2 Milk leads NZ shares higher

New Zealand shares joined a global rally, as the local outlook for low interest rates added tailwind to broader optimism among investors that the US and China will compromise on their trade stoush. China-focused exporter A2 Milk led... [Author: [email protected]]
Tags: Business, China, US, New Zealand, Nz

NZ dollar down on weak Chinese data

The New Zealand dollar eased a little as weaker than expected data from China added to market concern about the China-US trade stoush.The kiwi was trading at 65.62 US cents at 5pm in Wellington from 65.72 at 8am. The trade-weighted... [Author: [email protected]]
Tags: Business, China, US, New Zealand, Wellington, Nz, China US

British telecom giant Vodafone offloads New Zealand business to Brookfield, Infratil

Vodafone Group Plc on Monday agreed to sell its New Zealand business for NZ$3.4 billion ($2.23 billion) to a consortium comprising of New Zealand-based Infratil Ltd and Canada's Brookfield Asset Management, in a deal the telecom giant says would help reduce its debt.
Tags: Money, businessNews, Canada, Vodafone, New Zealand, Nz, Vodafone Group Plc, Brookfield Asset Management, Brookfield Infratil, Infratil Ltd

NZ shares fall as Infratil flags equity raising for Vodafone deal

New Zealand shares fell as infrastructure investor Infratil flagged it will raise new equity to help fund its share of the $3.4 billion takeover of Vodafone New Zealand. The S&P/NZX 50 Index fell 56.48 points, or 0.6 per cent, to... [Author: [email protected]]
Tags: Business, Vodafone, New Zealand, Nz, Infratil, Vodafone New Zealand

NZ dollar rises on hopes for US-China trade talks, Vodafone deal

The New Zealand dollar was a little stronger after US President Donald Trump said he expects his country's trade negotiations will be successful.There was also speculation that the planned $3.4 billion purchase of Vodafone New Zealand... [Author: [email protected]]
Tags: Business, US, Vodafone, New Zealand, Donald Trump, Nz, US China, Vodafone New Zealand

Vodafone NZ sale: Competition lawyer raises possible snag in $3.4b deal

Veteran regulatory lawyer Michael Wigley doubts the pending Infratil-Brookfield purchase of Vodafone's NZ operation for $3.4 billion will encounter any Commerce Act issues.Vodafone has had its share of regulatory grief. It was... [Author: [email protected]]
Tags: Business, Vodafone, Nz, Vodafone NZ, Michael Wigley, Infratil Brookfield

China-US trade war hits NZ dollar

The New Zealand dollar continued to be weighed on by escalating global trade tensions, with China now saying it will raise tariffs on some US goods from June 1.The kiwi was trading at 65.71 US cents at 8am in Wellington from 65.76... [Author: [email protected]]
Tags: Business, China, US, New Zealand, Wellington, Nz, China US

House values analysed: The fastest rising and falling suburbs in NZ

The suburb said to have inspired the book and film Once Were Warriors has New Zealand's fastest-growing house value rises - while a million-dollar-plus Auckland waterfront area is the worst performer.CoreLogic has released a list... [Author: [email protected]]
Tags: Business, New Zealand, Auckland, Nz

'You suck more than Man Utd,' angry NZ users rip beIN Sports as stream fails amid final-day action

"beIN, you suck more than Man Utd right now," subscriber Mike Rodgers posted last night.As football-related insults go, that's perhaps the harshest thing you can say about a company at this point in time.But that's what the Rodgers... [Author: [email protected]]
Tags: Business, Man Utd, Nz, Mike Rodgers

NZ shares edge lower as US-China trade fears weigh

New Zealand shares dipped from a record as the uncertain outcome of the US-China trade talks weighed on investor sentiment. The S&P/NZX 50 Index decreased 4.98 points, or 0.05 per cent, to 10,099.37. Within the index, 22 stocks... [Author: [email protected]]
Tags: Business, New Zealand, Nz, US China

NZ dollar little changed as market awaits US-China trade developments

The New Zealand dollar was little changed as the market awaits further news on the US-China trade negotiations.That was despite new tariffs that President Donald Trump imposed on Chinese imports into the US kicking in late in the... [Author: [email protected]]
Tags: Business, US, New Zealand, Donald Trump, Nz, US China

African swine fever in China will affect NZ dairy sector - report

China's devastating outbreak of African swine fever will have a spill over effect on the dairy sector, a new report by Rabobank says.China is the world's largest pork producer and accounts for about 50 per cent of pork production... [Author: [email protected]]
Tags: Business, China, Nz, Rabobank

NZ shares extend gain on low-rate tailwind; Vista at record

New Zealand shares rose for a third day as the Reserve Bank's rate cut provides another tailwind to the stock market. Vista Group International hit a record. The S&P/NZX 50 Index rose 41.3 points, or 0.4 per cent, to 10,104.35.... [Author: [email protected]]
Tags: Business, New Zealand, Nz, Reserve Bank, Vista Group International

NZ dollar rises against Aussie as China-US trade strife escalates

The New Zealand dollar rose against the Australian dollar after US President Donald Trump accused China of breaking the trade deal the two countries are still negotiating.Trump is threatening to raise tariffs on Chinese imports... [Author: [email protected]]
Tags: Business, China, US, New Zealand, Donald Trump, Nz, Trump, China US

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