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Westpac

NZ dollar falls as Japanese data adds to economic fears

NZ dollar falls as Japanese data adds to economic fears
Wellington, Aug 16 NZPA - The New Zealand dollar fell today along with a weak Australian dollar as news that Japanese growth slowed to a crawl added to worries about the pace of the global economic recovery.

Cash rate lifted to 3 percent, but caution knocks currency

Cash rate lifted to 3 percent, but caution knocks currency
Wellington, July 29 NZPA - The Reserve Bank of New Zealand (RBNZ) lifted the official cash rate (OCR) 25 basis points to 3 percent but caught financial markets on the hop by hinting it may pause in future due to the weakness of the recovery.

Telecom rises from record low, sharemarket gains

Telecom rises from record low, sharemarket gains
Wellington, May 26 NZPA - Telecom shares rose 2.7 percent in a New Zealand sharemarket that posted a 0.245 percent gain as equity markets around the world found some composure at least for now.

Strong start for NZ shares

Strong start for NZ shares
Wellington, May 26 NZPA - The New Zealand stock exchange started the day strongly, after a 1.9 percent fall yesterday took the market's losses since its most recent high in mid-April to more than 10 percent.

Mainfreight's Profit Up Slightly In Face Of Competition

Mainfreight's Profit Up Slightly In Face Of Competition
Wellington, Feb 19 NZPA - Mainfreight Group's net profit has risen slightly to $29.5 million in the first nine months of the financial year, but the group says it has been hampered by subsidised competition from KiwiRail.

NZ Dollar Weak On Offshore Market Trends

NZ Dollar Weak On Offshore Market Trends
Wellington, Nov 17 NZPA - The New Zealand dollar started the week with a big step down and then went sideways. At 8am today the NZ dollar was worth US55.43c, down from US56.65c on Friday, and by 5pm it was US55.35c.