Even though inflation has been unexpectedly much more benign, the chief economist at one of New Zealand's major fund managers expects that price pressures will build. (AUDIO)
A new up to $100 million fund plans to lend to dairy farmers at interest rates based on the milk payout. NZ Dairy Farming Trusts hopes to start lending in June next year.
The Warehouse is taking its online adventure sports retailing business into bricks-and-mortar, opening two new stores and re-branding seven existing stores, as Torpedo7.
New Zealand shares rose today with the benchmark Top 50 Index gaining 51 points, or 1 percent, to 5198. The dollar was little changed.
Economists are expecting the September quarter inflation figures due this week will undershoot the Reserve Bank's 0.7 percent forecast, largely because of low winter food prices. (AUDIO)
The services sector continues to show strong growth across all sectors and all regions of New Zealand.
Downer says it is buying the Australian utilities company, Tenix, for $A300 million.
A survey shows the proportion of large and full-time property investors who own seven or more properties has grown significantly in the past four years. (AUDIO)
New Zealand shares rose today, with the benchmark Top 50 Index gaining 15 points, or nearly a third of a percent, to 5147. The New Zealand dollar fell nearly half a US cent today.
A survey suggests one in three residential property investors would sell up if the Reserve Bank begins imposing planned new regulations. The survey questioned 1156 people.
Todd Minerals has invested another $US4 million in what is known as the Sisson Project in Canada, taking its investment to $US14 million and giving it an 11.5 percent stake.
SkyCity says it lodged the preliminary design for the new International Convention Centre with the government early this month.
United States shares continued their tumble overnight, mirroring the European and Asian markets. Fears of an Ebola pandemic have contributed to the wobbles.
The latest rise in global dairy prices will be a welcome relief to farmers, but does not necessarily signal a return to a higher farmgate milk price. Average dairy prices rose 1.4% this week. (AUDIO)
Contact Energy has heard it risks becoming a dinosaur company like New Zealand Post, who did not predict what email was going to do to its business.
New Zealand shares fell today, with the benchmark Top 50 Index falling 31 points, or 0.6 percent, to 5132 points. The NZ dollar increased more than one US cent from a day ago.
Stronger manufacturing activity and rising demand for workers are continuing to underpin the economy - but dairy farmers are being warned to prepare for income cuts.
Dairy prices rose 1.4 percent in the international GlobalDairyTrade auction overnight, following at 7.3 percent plunge only a fortnight ago. The dollar rose sharply on the news. (AUDIO)