Dene Mackenzie

Pressure goes on for interest rate cut

Pressure goes on for interest rate cut

The Reserve Bank of New Zealand will find itself under more pressure to cut its official cash rate after the Reserve Bank of Australia cut its lending rate to 1.75%.

Rise and rise of the NZ market

Rise and rise of the NZ market

The New Zealand financial market has had a stellar run, falling less than tother markets during the volatility early in the year and rebounding more sharply since then. Business editor Dene Mackenzie talks to Craigs Investment Partners broker Chris Timms about why the NZX50 is trading close to record highs.

TSB leads home loan competition

TSB Bank is making a play in the two-year fixed home loan market by dropping its rate to just 4.19%, the lowest two-year fixed rage on the Canstar database.

ANZ half-year profits down; interim dividend cut

Higher operating expenses and impairment charges hit ANZ New Zealand's profit for the six months ending March 31, despite interest income rising 5% in the period.

Some optimism for GlobalDairyTrade prices

Dairy prices are expected to rise again tomorrow morning when the next GlobalDairyTrade auction is held.

Turnbull set to try buying up votes

The Australian Government releases its Budget 2016 tonight but before it does, the Reserve Bank of Australia will need to make a decision on whether to cut further its official cash rate.

Figures should indicate labour market growth

Labour market figures due out on Wednesday are likely to show the spare capacity in the market is slowly reducing, ANZ senior economist Philip Borkin says.

Microsoft cloud focus works

Cloud initiatives have become a core priority for Microsoft and the success of the transformation is important for the company to better utilise the emerging opportunities in mobile and cloud technology.

Apple drops but future promising

Apple's share price dropped more than 6% this week following a soft second-quarter result and weaker than expected guidance for the present quarter.

Z Energy purchase of Caltex approved

Z Energy purchase of Caltex approved

New Zealand-listed fuel supplier Z Energy has finally received Commerce Commission clearance to by 100% of Caltex New Zealand as long as it meets some conditions.