Communications Minister Kris Faafoi wants a framework for iwi radio spectrum allocations that will endure beyond the current discussions over 5G technology. The minister said he's had positive conversations over Treaty of Waitangi... Source: NZ Herald Business News
News of a $300 million share buyback and dividend reinstatement did nothing for Fletcher Building's share price which slid more than 5 per cent from $5.29 yesterday to $4.90 today.Focus returned to the company's Australian business... Source: NZ Herald Business News
Banks and insurance companies regulated by the Reserve Bank can expect the central bank to be more "intrusive" as institutional self-discipline has been lacking, says the central bank's deputy governor Geoff Bascand. "Regulated... Source: NZ Herald Business News
The long-awaited share offer for Napier Port has been confirmed for mid-July, with an NZX-listing expected by August.The Hawke's Bay Regional Council today authorised Napier Port to proceed with a 45 per cent initial public offer... Source: NZ Herald Business News
Economists are picking the Reserve Bank could cut its official cash rate by August if the global economic outlook worsens and if the local economy remains subdued.As expected, the Reserve Bank kept its official cash rate (OCR) at... Source: NZ Herald Business News
New Zealand shares snapped a three-day gain, edging lower as investors pored through the details of Fletcher Building's investor briefing in which it confirmed a small capital return and noted Australian trading conditions remain... Source: NZ Herald Business News
The New Zealand dollar firmed after the central bank kept rates on hold as expected and indicated that more easing was likely to be necessary.The kiwi was trading at 65.52 US cents at 5pm in Wellington from 66.44 US cents at 7:50am... Source: NZ Herald Business News
Building businesses are bidding for construction jobs on razor-thin margins as low as 6 per cent, according to a survey out today.James McQueen, national construction and real estate leader at BDO's Auckland office, said such knife-edge... Source: NZ Herald Business News
When Sir Roger Moore died in 2017, he left behind a staggering estimated fortune of £80 million ($154 million).But the James Bond star's immense wealth is now at the centre of an increasingly bitter fight between his widow, her... Source: NZ Herald Business News
New Zealand shares rose for a third day, led by A2 Milk as trade data allayed some concerns over how new Chinese e-commerce rules will be applied. Auckland International Airport hit a record. The S&P/NZX 50 Index increased 29.98... Source: NZ Herald Business News