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New Zealand Headlines NZ Market Report. New Zealand stocks rose with large volumes of Fletcher Building stocks traded... Read more Former cabinet minister Bill Jeffries has resigned as chairman and director of Insured Group after he was among four directors of the failed Lombard Finance found guilty of making untrue statements in investment documents... Read more Prime Minister John Key has defended support for SkyCity's planned $350 million convention centre in the wake of an incident in which five children were found locked in a van at the casino's carpark... Read more New Zealand recorded its biggest loss of migrants in a 12-month period since August 2001, as Kiwis continued to jump the ditch seeking a better standard of life and higher-paying jobs in Australia... Read more Draft legislation to allow the partial privatisation of four state-owned energy companies has been tabled, with its First Reading in Parliament due on Thursday... Read more There will be no requirement for Kiwis to have first rights to the shares in state assets floated by the Government... Read more The Maori Party has won a partial victory in forcing the National Government to include Treaty provisions in legislation paving the way for asset sales but have accepted their bid to have those obligations apply to private investors was misguided... Read more The government's debt sales have fallen below the $1.1 billion a month needed to meet this year's bond tender programme, which may force the Debt Management Office to offer higher yields to make up the shortfall... Read more A 14,000-tonne cargo ship remains in limbo at Wellington's wharf as industrial action spreads across the country.... Read more Residential building work and the Canterbury reconstruction helped building activity increase 2.9% in the December quarter from the previous quarter's decade-low... Read more Auckland saw the largest number of house sales in the February month for five years but listings remain low and price rises modest, according to Barfoot & Thompson... Read more Open Country Dairy’s controlling shareholders, Talley’s Group and Olam International, will stump up $40.3 million in a rights issue aimed to cut the dairy processor’s debt as a loan repayment looms at the end of the month... Read more The New Zealand dollar may fall this week amid speculation the Reserve Bank will keep its benchmark interest rate at a record low in the face of tepid economic growth and tame inflation... Read more Christchurch could be facing the grim future of capital flight, with big-time property owners poised to seize their insurance payouts and buy in higher-returning Auckland... Read more Foodstuffs will spend more than $20 million rebuilding its "flagship" supermarket in Christchurch's eastern suburbs... Read more Angel investment slowed to a trickle in the latter half of last year, with the lowest total of new equity raised since the New Zealand Venture Investment Fund began running its Young Company Finance Index in 2006... Read more Trading in shares on the NZX fell last month, by value, while transactions involving debt securities rose, according to the exchange’s monthly metrics... Read more New air links to Asia have helped international tourism numbers top one million arrivals and departures in January, the highest monthly number ever, Statistics New Zealand says... Read more City-owned Christchurch International Airport (CIAL) has posted a 40.5 per cent fall in half-year profit to $7.99 million, partly due to higher interest costs... Read more Land could soon be used to generate electricity in the country's first solar power station.... Read more McDonald's is evaluating how Georgie Pie might be integrated into its business, but is also wary of being accused of "bastardising" one of the country's best-loved brands, says the fast food firm's new boss in New Zealand... Read more Wilmar International, the world's largest palm oil trader, is giving investors in Goodman Fielder the chance for a 31 per cent return as it considers an expansion into Crisco oil and Newman's Own salad dressings... Read more Anyone foolish enough to repay the average credit card debt at just the minimum amount each month would take until 2045 to clear it... Read more An alleged "mastermind" of the Five Star Finance could not stand trial in 2010 because of ill health despite working part-time and weekending at his Bay of Islands holiday home... Read more Farm-owning group Rural Equities is near the end of a significant sales process in its property portfolio and is using some of the proceeds towards a buyback of shares... Read more
Australian Headlines Australian Market Report. Shares fell, with weak metal prices and China growth concerns weighing on mining stocks... Read more The RBA no longer has a finger poised over the interest rate cut button - although not so much because of a robust local economy... Read more A private gauge of consumer prices grew at its slowest pace in two years in February thanks in part to a seasonal drop in holiday costs... Read more A leading economist says ABS statistics show there is truth in Wayne Swan's warning that income inequality is rising.... Read more The Treasurer has conceded problems with the first version of its mining tax... Read more One of Australia's biggest class actions has begun in the Federal Court involving thousands of shareholders in property investment company Centro... Read more Suppliers to Australia's two dominant supermarket chains have complained to the consumer watchdog about ''unconscionable conduct'' by Coles and Woolworths.... Read more The labour market has reached its highest level in more than three years as the resources and energy sectors ramp up hiring, a new report shows... Read more The world heritage status of the Great Barrier Reef will be scrutinised by a delegation from the United Nations concerned about environmental pressures being exerted by the boom in mining and coal seam gas drilling.... Read more Lawyers for the Federal Government and Qantas are defending a decision by Fair Work Australia last year that barred the airline's pilots from taking industrial action... Read more Economists say businesses are struggling after official figures show company profits fell sharply last quarter and inventory levels rose... Read more The services industry has recorded its largest fall in activity since July 2009... Read more Coca-Cola Amatil has decided against buying the Foster's spirits and ready-to-drink business in favour of further developing its business relationship with spirits giant Beam Global... Read more Ticketek, and the Allphones Arena will be put on the auction block as the private equity operator CVC Asia Pacific looks for ways to get a $2.7 billion debt monkey off its back... Read more Treasurer Wayne Swan, facing significant backlash from political and business circles, has reiterated that Australia's notion of a fair go is under threat as billionaires try to sabotage public policy.... Read more FMG spends thousands to defend billionaire Andrew Forrest's reputation against Wayne Swan's attacks... Read more BIS Shrapnel says the pain of the high Australian dollar will continue for at least another two or three years even though the pace of economic growth is expected to pick up... Read more Crown finally lodged a substantial shareholder notice yesterday evening acknowledging its ''relevant interest'' in rival casino operator Echo Entertainment.... Read more Discounting has become the defining characteristic of online sales in Australia.... Read more Regional airline SkyWest says All Nippon Airways executive Jason Bitter will replace chief executive Mark Shelton... Read more Quickstep has won a Lockheed Martin contract to supply carbon fibre wing flaps for the C-130J Hercules military aircraft, potentially worth as much as $100 million... Read more ANZ has received approval to offer local currency products and services to customers in China.... Read more Gina Rinehart, the mining heiress and media investor, is the fourth-richest person in the Asia-Pacific region, with a net worth of $19 billion... Read more The Holden Cruze is the new Commodore, with the car maker's four-cylinder model taking over as the company's top seller so far this year... Read more More West Australian small businesses expect to close or sell this year than in any other state despite recording the highest sales, according to the latest Sensis Business Index... Read more Stephen Bartholomeusz. It's unclear why there's such urgency in James Packer's grand plan for a second Sydney casino licence under the Echo umbrella, and in any case his proposal faces serious hurdles... Read more Nathan Bell. David Jones needs more innovation and there are plenty of things it could do to make it a unique attraction. Here are just a few suggestions... Read more Rod Myer. Ever since the first phase of the global financial crisis, the gold market has been the place to be... Read more Michael West. Treasurer Wayne Swan is right - the 'hyper rich' do deploy their wealth to swing political outcomes... Read more Ian Verrender. For decades, the Packer name has been synonymous with casinos. But add the destination Sydney to the mix, and suddenly you have a three-word recipe for controversy and contention... Read more Adele Ferguson. When Woolies rolls out 100 private drinks brands in half a year, you know it's 'Game On'... Read more Michael Pascoe. Economists were almost unanimously wrong in tipping a rate cut last month. This month they're saying the RBA will stay on hold - but they could be wrong again... Read more Ian McIlwraith. Deutsche Bank's 642-page shareholding notice forEcho Entertainment may set a world record... Read more
International Headlines US Market Report. Stocks fell on Monday, dragged lower by the basic materials and energy sectors after China, the world's second-largest economy, cut its growth target for 2012... Read more World Market Report. An updated report of the worlds' latest market movements... Read more China says it is expecting economic growth of 7.5% this year as it looks for more sustainable expansion... Read more China's acceptance of a slower rate of growth rattled markets on Monday, but it also shows that the gradual rebalancing of the global economy long sought by world leaders is on track... Read more The US service sector expanded at its fastest rate in a year in February, lifted by a rise in new orders, a survey indicates... Read more Uncle Sam will shell out more than $5 trillion in interest payments over the next decade, according to the latest projections from the Congressional Budget Office... Read more Retail sales across the eurozone rose unexpectedly in January, figures show, but a separate survey indicates economic activity remains weak... Read more The euro zone is out of the emergency ward, but it may face a chronic debilitating illness rather than a rapid convalescence... Read more Russia's Vladimir Putin was president for two terms, prime minister for one and is now in place for another stint in the top job. CNN's John Defterios considers the economic impact of Putin 2.0.... Read more China is considering “appropriately” widening the yuan’s trading band to better reflect market supply and demand, Xinhua News Agency reported, citing People’s Bank of China Governor Zhou Xiaochuan... Read more Growth in Britain's services industries slowed more than expected last month, but confidence among firms hit a one-year high... Read more Commodities trading giant Glencore reports a sharp rise in revenues on the back of higher prices for raw materials... Read more The boss of carmakers Opel and Vauxhall vows to "work aggressively" to make the brands profitable.... Read more John Leahy, the American supersalesman who propelled Airbus from European upstart to the world's largest maker of passenger jets, disclosed he has no plans to retire for several years from a post which has made him Boeing's most visible adversary... Read more American International Group is selling part of its stake in AIA Group to raise about $6 billion, which will help the U.S. insurer repay part of its government bailout... Read more In a twist of capitalistic irony, traders are betting that the very banks that are synonymous with the 2008 financial crisis might actually boost the stock and bond markets over the next two months... Read more The EU considers legislating to get more women into top management jobs in Europe, arguing that firms are too slow to act... Read more BP Plc may face as much as $17.6 billion in civil pollution fines and possibly billions of dollars more in criminal penalties as its settlement with businesses and individuals harmed by the 2010 Gulf of Mexico oil spill shifts the focus to government claims... Read more Nils Pratley. Glencore chief Ivan Glasenberg protests too much. He used the phrase "merger of equals" at every opportunity, as if mere repetition would persuade Xstrata's suspicious shareholders to be grateful for the modest takeover premium (8% on one basic yardstick) that Glencore is offering for their firm... Read more
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