GDP slump sparks calls for Reserve Bank to deliver 50bps rate cut in October
Pressure is mounting on the Reserve Bank to cut rates sooner after poor GDP data. Source: NZ Herald Business News
Contact Energy chair says electricity market ‘not broken’ ahead of report
Contact chairman Rob McDonald says lower prices depend on building new power capacity. Source: NZ Herald Business News
Economists warn of June quarter GDP contraction but see signs of a rebound
Data out this week is set to show the New Zealand economy stalled in the June quarter. Source: NZ Herald Business News
NZ stocks end flat as US Federal Reserve decision looms – Market close
New Zealand stocks ended flat while telco company Spark lost more ground. Source: NZ Herald Business News
New Zealand wholesale power prices rise on low hydro, high gas prices
Wholesale electricity is trading near $200/MWh, up on the long-term winter average. Source: NZ Herald Business News
Transpower to spend $1.1b on Cook Strait link upgrade
The power grid operator has applied to the Commerce Commission for approval. Source: NZ Herald Business News
New Zealand meat producers ride wave of record high world prices
NZ beef export prices to the US rose from $10.08/kg last year to $11.73/kg in July. Source: NZ Herald Business News
Delegat provides a bubbly end to NZ reporting season – Market close
Delegat Group rallied 39c to $4.05 despite a 14% profit decline. Source: NZ Herald Business News
Fonterra drops to seventh in global dairy rankings, Lactalis leads
Fonterra's global ranking has slipped and could fall further after the Mainland sale. Source: NZ Herald Business News
a2 Milk boosts NZ sharemarket; Hallenstein Glasson leads gains – Market close
A2 Milk and Hallenstein led gains in the NZ sharemarket. Source: NZ Herald Business News