Mark Lister: Why dollar is falling as sharemarket rises

• Mark Lister is head of private wealth research at Craigs Investment Partners. This column is general in nature and should not be regarded as specific investment advice. The author holds shares in a number of the companies mentioned.... Source: NZ Herald Business News

By | October 30th, 2017|Business|0 Comments

Exporters lead shares higher

New Zealand shares rose, buoyed by exporters Scales Corp and Synlait Milk, while Mainfreight and Air New Zealand fell as investors weigh up possible policy changes from the new Government.The S&P/NZX 50 Index gained 58.99 points,... Source: NZ Herald Business News

By | October 30th, 2017|Business|0 Comments

New Zealand dollar out of favour

The New Zealand dollar fell as traders digested comments from Finance Minister Grant Robertson that the Reserve Bank's mandate will be widened, while offshore, the announcement of the new Federal Reserve chair is keenly awaited.The... Source: NZ Herald Business News

By | October 30th, 2017|Business|0 Comments

Thousands hit as Virgin's Samoan flights canned

Up to 6000 passengers could be hit by the Samoan government's decision to deny Virgin Australia the right to fly from Auckland to Apia.Virgin Australia had planned to fly five return services a week from the middle of next month... Source: NZ Herald Business News

By | October 30th, 2017|Business|0 Comments

Has Auckland hit peak construction as national crane numbers drop?

The number of cranes operating in New Zealand declined for the first time in years, largely due to a sharp drop in Christchurch.According to the Rider Levett Bucknall (RLB) Crane Index, out last week, the number of cranes in Auckland... Source: NZ Herald Business News

By | October 30th, 2017|Business|0 Comments

Signs of stronger prices for NZ deer velvet

The deer velvet season has opened strongly, with farmers reporting early enquiries from buyers at prices 10-15 per cent above last season's close, Deer Industry NZ said.Deer Industry NZ market manager Rhys Griffiths regulatory changes... Source: NZ Herald Business News

By | October 30th, 2017|Business|0 Comments

NZ shares heading for 2.5 per cent gain in October despite election; Scales, Synlait, A2 gain

New Zealand shares rose, buoyed by exporters Scales Corp and Synlait Milk, while Mainfreight and Air New Zealand fell as investors weigh up possible policy changes from the new government.The S&P/NZX 50 Index gained 58.99 points,... Source: NZ Herald Business News

By | October 30th, 2017|Business|0 Comments

Killing of Maltese journalist silences anti-corruption voice

BIDNIJA, Malta (AP) " A few hundred meters from the home of Maltese investigative journalist Daphne Caruana Galizia, in the field where the flaming wreckage of her car landed after being blown off the road by an assassin's bomb, a... Source: NZ Herald Business News

By | October 30th, 2017|Business|0 Comments

David Parker targets trade deal and bar on house sales to overseas buyers

New Trade Minister David Parker is considering advice that an explicit ban on house sales to offshore speculators could be acceptable under the TPP trade deal if it is passed into New Zealand law before the trade deal comes into force.Parker... Source: NZ Herald Business News

By | October 29th, 2017|Business|0 Comments

Iceland heads to coalition talks after inconclusive vote

REYKJAVIK, Iceland (AP) " Iceland's ruling Independence Party has unexpectedly won the largest share of the vote in the national election and now faces the difficult task of forming a government after a record eight parties took seats... Source: NZ Herald Business News

By | October 29th, 2017|Business|0 Comments