Dene Mackenzie

Brexit compounds weakness, analyst

Brexit compounds weakness, analyst

A sharp movement in the British pound appears to be one of the few certainties as a result of the referendum this week on whether the United Kingdom should leave Europe.

Much uncertainty for NZ if Britain leaves Europe

As the vote on whether Britain will leave the European Union looms this week, the polls are now running neck and neck. Business editor Dene Mackenzie previews what some of the effects for New Zealand will be, if an exit transpires.

Population, economy growing

Population, economy growing

New Zealand's economic expansion is all about an increasing number of people coming to the country, and that is reflected in the latest gross domestic product (GDP) figures released yesterday.

Analysts tipping one US rate rise

Analysts tipping one US rate rise

The United States Federal Reserve held its interest rates steady yesterday but the market now firmly believes there will be only one rate rise this year, not the two as previously expected.

Tourism spending boosts trade balance figures

Overseas tourist spending continues to help New Zealand's balance of trade figures, Statistics New Zealand figures show.

SBS Bank appoints new chief executive

SBS Bank appoints new chief executive

Shaum Drylie has been appointed chief executive of Invercargill bank SBS, replacing Wayne Evans, who died suddenly in January this year.

Meridian has hopes for NZAS

Meridian has hopes for NZAS

A damp South Island and weak electricity demand made for a mixed May for electricity generator retailers, although the transmission pricing paper was positive for most.

SFF to upgrade Pareora coldstore facilities

Silver Fern Farms is planning to upgrade its coldstore facilities at its Pareora site and close its leased Canterbury coldstore in Belfast.

Decision on media merger expected in August

The Commerce Commission seems likely to make a quick decision on whether the NZME and Fairfax merger can proceed as it identifies several issues it will investigate.

New chief executive of SBS Bank

New chief executive of SBS Bank

Shaun Drylie has been appointed the new chief executive of SBS Bank, replacing Wayne Evans who died suddenly in January.