Dene Mackenzie

Contradictory signals on housing

House price expectations hit a record, dwelling consents fell in June and Building and Housing Minister Nick Smith is encouraged by a report which forecasts unprecedented construction activity. Business editor Dene Mackenzie unravels the latest data.

Briscoe expects $20 million profit

The Briscoe Group is expecting a half-year reported profit of at least $20 million, an 8% increase on last year's result of $18.5million, managing director Rod Duke says.

Wheeler dampens rate forecasts

Wheeler dampens rate forecasts

The Reserve Bank yesterday did its best to dampen down expectations of the more exuberant interest rate cut expectations and indicated it clearly wanted a further fall in the value of the dollar.

Two positive factors for Infratil this month

Infratil has been receiving benefits of two positive factors this month - the potential acquisition by Z Energy of Chevron NZ and the falling dollar, Forsyth Barr broker Peter Young says.

Fears over access to generic drugs

Fears over access to generic drugs

Forces started gathering in earnest yesterday following an admission some medicines will cost more if New Zealand signs up to the Trans-Pacific Partnership.

Drag on oil prices likely to continue

Expectations of a persistent global oil glut into 2017, largely stemming from a revised projection for Opec production in the coming year, has led the BNZ to revise its forecasts moderately.

Floating mortgage rates still have room to fall: strategist

Lower floating mortgage rates are still possible in the near term and BNZ currency strategist Kimberly Martin sees no urgency for home owners to fix short-term rates.

2degrees moves into broadband

2degrees moves into broadband

Telecommunications company 2degrees has entered the broadband market, using its recent purchase of Snap as the impetus to attract both residential and business customers.2degrees is now on the same footing as its major competitors Spark and Vodafone.

Toughest issues on TPP agenda

Toughest issues on TPP agenda

World trade ministers will be in Hawaii this week to tackle the tough decisions needed to finalise a deal aimed at freeing up global commerce.