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NZ sharemarket closes little changed

Thu, 11 Mar 2010 18:16:00 +1300

The New Zealand sharemarket closed little changed on a day in which the Reserve Bank did as expected and left official interest rates at a record low 2.5 percent.
Related Symbols: FOREX:NZDUSD, INDEX:COMP, INDEX:DJI, INDEX:SP500, NZX:CEN, NZX:CVT, NZX:FBU, NZX:FPH, NZX:GPG, NZX:IFT, NZX:MFT, NZX:MVN, NZX:NZO, NZX:SKT, NZX:STU, NZX:TEL, NZX:THL, NZX:WFD, NZX:XRO

NZ dollar falls after RBNZ monetary policy statement

Thu, 11 Mar 2010 17:18:00 +1300

The New Zealand dollar fell in the wake of the Reserve Bank of New Zealand's Monetary Policy Statement (MPS) even though the official cash rate was held unchanged at a record low of 2.5 percent.
Related Symbols: ASX:WBC, FOREX:AUDUSD, FOREX:EURUSD, FOREX:NZDAUD, FOREX:NZDJPY, FOREX:NZDUSD

Banks want to lend more - Reserve Bank

Thu, 11 Mar 2010 16:22:00 +1300

Banks seem keen to lend more to businesses and households but both sectors have became more cautious as they deal with fallout from the recession, Reserve Bank Governor Alan Bollard told MPs today.
Related Symbols: FOREX:NZDUSD

Food prices fall in February

Thu, 11 Mar 2010 11:20:00 +1300

Food prices fell 1.3 percent in February, with prices for fruit and vegetables, meat and fish, and groceries all falling from January.

NZ sharemarket slips in early trading

Thu, 11 Mar 2010 10:38:00 +1300

The New Zealand sharemarket slipped in early trading, with key stocks losing ground or staying flat after the Reserve Bank did as expected and left official interest rates at a record low 2.5 percent.
Related Symbols: FOREX:NZDUSD, INDEX:COMP, INDEX:DJI, INDEX:SP500, NZX:CEN, NZX:FBU, NZX:MFT, NZX:SKT, NZX:SPN, NZX:STU, NZX:TEL

Reserve Bank keeps on same track

Thu, 11 Mar 2010 09:08:00 +1300

The Reserve Bank left the official cash rate (OCR) unchanged at a record low 2.5 percent, but economists noted it is no longer "comfortable'' with the inflation outlook.
Related Symbols: ASX:ANZ, FOREX:NZDUSD

Solid demand for Kiwi

Thu, 11 Mar 2010 08:38:00 +1300

There was solid demand for the New Zealand dollar ahead of the morning's monetary policy statement by the Reserve Bank of New Zealand.
Related Symbols: ASX:ANZ, FOREX:AUDUSD, FOREX:EURUSD, FOREX:NZDJPY, FOREX:NZDUSD

NZ sharemarket posts gains in quiet trading

Wed, 10 Mar 2010 18:18:00 +1300

The New Zealand sharemarket rose today, following a decline yesterday after nine consecutive days of gains.
Related Symbols: FOREX:NZDUSD, INDEX:COMP, INDEX:DJI, INDEX:SP500, NZX:BGR, NZX:CAV, NZX:CEN, NZX:FBU, NZX:FPH, NZX:HBY, NZX:IFT, NZX:MFT, NZX:MHI, NZX:NPX, NZX:NZO, NZX:POT, NZX:RBD, NZX:TEL, NZX:TPW, NZX:WFD

NZ dollar rises ahead of monetary policy statement

Wed, 10 Mar 2010 17:28:00 +1300

The New Zealand dollar rose today as traders squared up positions ahead of tomorrow's monetary policy statement by the Reserve Bank of New Zealand.
Related Symbols: FOREX:EURUSD, FOREX:GBPUSD, FOREX:NZDAUD, FOREX:NZDJPY, FOREX:NZDUSD

Survey shows false sense of KiwiSaver security

Wed, 10 Mar 2010 10:58:00 +1300

A new survey shows many KiwiSaver members have a false sense of security about their investments, research company UMR says.

Early rise for NZ sharemarket

Wed, 10 Mar 2010 10:54:00 +1300

The New Zealand sharemarket rose early today, following a decline yesterday after nine consecutive days of gains.
Related Symbols: INDEX:COMP, INDEX:DJI, INDEX:SP500, NZX:BGR, NZX:CAV, NZX:CEN, NZX:FBU, NZX:OGC, NZX:PFI, NZX:SKC, NZX:TEL

Wholesale funding guarantee ends

Wed, 10 Mar 2010 09:42:00 +1300

The Government is to close New Zealand's wholesale funding guarantee on April 30, Finance Minister Bill English says.

NZ dollar regains lost ground

Wed, 10 Mar 2010 09:08:00 +1300

The New Zealand dollar regained lost ground against the greenback and strengthened against the euro, as the European currency declined on concerns peripheral euro zone economies could face debt problems similar to those of Greece.
Related Symbols: FOREX:EURUSD, FOREX:NZDJPY, FOREX:NZDUSD

NZ shares drift lower, snap winning streak

Tue, 09 Mar 2010 17:58:00 +1300

The New Zealand sharemarket eased today, turning its back on nine consecutive days of gains despite the release of positive results from two of the smaller companies.
Related Symbols: ASX:XJO, INDEX:COMP, INDEX:NI225, NASDAQ:CSCO, NZX:AIA, NZX:BGR, NZX:CEN, NZX:FBU, NZX:FPH, NZX:FRE, NZX:MFT, NZX:NZO, NZX:PPG, NZX:SKC, NZX:TEL, NZX:TPW, NZX:KMD

Kiwi gives up early gains as risk appetite eases

Tue, 09 Mar 2010 17:46:00 +1300

The New Zealand dollar gave up earlier gains to close unchanged today, remaining firmly within the range travelled in recent weeks as the global appetite for risk eased.
Related Symbols: FOREX:AUDUSD, FOREX:EURUSD, FOREX:NZDJPY, FOREX:NZDUSD

NZX expects to derive profit from new products

Tue, 09 Mar 2010 15:32:00 +1300

Stock exchange operator NZX is planning to launch a series of derivatives products starting this year, expected to boost profit and expand its business.
Related Symbols: NZX:NZX

Kiwi consumers dour about spending - survey

Tue, 09 Mar 2010 15:28:00 +1300

New Zealand consumers are pretty negative about their current economic circumstances, but at least feel more positive than their counterparts in the United States, according to a survey today.

Electronic card transactions edge lower

Tue, 09 Mar 2010 11:28:00 +1300

The value of transactions made using electronic cards slipped in February, with flat or declining sales in all but one core retail industry, along with a fall in fuel sales and in non-retail industries.

Flat start for NZ sharemarket

Tue, 09 Mar 2010 10:38:00 +1300

The New Zealand sharemarket was flat in early trading, after nine consecutive days of gains which saw it near a seven-week intraday high yesterday.
Related Symbols: INDEX:COMP, INDEX:DJI, INDEX:SP500, NASDAQ:CSCO, NZX:BGR, NZX:FRE, NZX:GPG, NZX:PPG, NZX:SKT, NZX:STU

NZ dollar holds on to gains

Tue, 09 Mar 2010 09:04:00 +1300

The New Zealand dollar managed to hang on to gains made on domestic economic news yesterday, tending to move around the US70c level overnight.
Related Symbols: FOREX:AUDUSD, FOREX:NZDJPY, FOREX:NZDUSD

New Zealand sharemarket posts modest gain

Mon, 08 Mar 2010 18:26:00 +1300

Surging share prices in the United States on Friday translated into only a minor gain on the New Zealand sharemarket today.
Related Symbols: INDEX:COMP, INDEX:DJI, INDEX:SP500, NZX:AIR, NZX:BGR, NZX:CEN, NZX:DGL, NZX:EBO, NZX:FBU, NZX:IFT, NZX:MVN, NZX:PPG, NZX:PRC, NZX:RAK, NZX:SKC, NZX:STU, NZX:TEL, NZX:THL, NZX:WHS

NZ dollar rises on New Zealand and US data

Mon, 08 Mar 2010 17:40:00 +1300

The New Zealand dollar rose in response to both domestic and offshore economic data.
Related Symbols: FOREX:EURUSD, FOREX:NZDAUD, FOREX:NZDJPY, FOREX:NZDUSD

Data points to signs of uneven recovery

Mon, 08 Mar 2010 12:02:00 +1300

Manufacturing sales volumes rose a seasonally adjusted 3.1 percent in the December quarter, led by meat and dairy and other food-related industries.
Related Symbols: ASX:ANZ, FOREX:NZDUSD

Residential building activity shows signs of improvement

Mon, 08 Mar 2010 11:22:00 +1300

The seasonally adjusted volume of residential building activity rose 7.4 percent in the December quarter, while non-residential volume fell 6.1 percent.

Modest early gain on NZ sharemarket

Mon, 08 Mar 2010 10:46:00 +1300

Surging share prices in the United States translated into only a minor gain in this country when the New Zealand sharemarket opened for the week.
Related Symbols: INDEX:COMP, INDEX:DJI, INDEX:SP500, NZX:AIR, NZX:FBU, NZX:RAK, NZX:RBD, NZX:STU, NZX:TWR

NZ dollar surges after US jobs data

Mon, 08 Mar 2010 08:56:00 +1300

The New Zealand dollar rose strongly after a report showed United States employers cut fewer jobs than expected last month, boosting hopes a US economic recovery is on track.
Related Symbols: FOREX:EURUSD, FOREX:NZDAUD, FOREX:NZDJPY, FOREX:NZDUSD

NZX tweaks index release procedures, reviews method

Fri, 05 Mar 2010 19:28:00 +1300

Sharemarket operator NZX Ltd is making some changes to the way it releases information about its indices after a controversy involving membership of its NZX-50 index.
Related Symbols: NZX:NZX

Sharemarket posts modest gain in quiet session

Fri, 05 Mar 2010 18:18:00 +1300

The New Zealand sharemarket rose for an eighth successive trading day to a six-week high but brokers described it as a quiet day.
Related Symbols: INDEX:COMP, INDEX:DJI, INDEX:SP500, NZX:AIR, NZX:CEN, NZX:FBU, NZX:GPG, NZX:NPX, NZX:NZO, NZX:NZX, NZX:RBD, NZX:SKT, NZX:SPY, NZX:TEL, NZX:TPW, NZX:WDT

Dollar firms slighty, still weak versus Aussie

Fri, 05 Mar 2010 17:24:00 +1300

The New Zealand dollar rose slightly today on short-covering ahead of US non-farm payrolls data and continued to trade near a decade low against the Australian dollar.
Related Symbols: FOREX:AUDUSD, FOREX:EURUSD, FOREX:NZDJPY, FOREX:NZDUSD

TVNZ launches channel on Sky Television

Fri, 05 Mar 2010 16:00:00 +1300

State-owned broadcaster Television New Zealand is launching a channel playing New Zealand programmes on pay television operator SKY Television's platform in June.
Related Symbols: NZX:SKT