Dene Mackenzie

Quiet start to New Zealand reporting season

Quiet start to New Zealand reporting season

The New Zealand economic calendar is quiet this week although the February reporting seasons starts tomorrow and the corporate news flow will soon take centre stage in the business headlines.

Spark to face profitability challenges

Spark to face profitability challenges

The share price of Spark New Zealand ignores the risks Spark continued to face with its high margin legacy fixed line calling services migrating to new services as fibre is installed, Forsyth Barr broker Andrew Rooney says.

Aussie jobs warning

The combination of weaker demand and falling terms of trade would show through in rising Australian unemployment, Forsyth Barr broker Peter Young said yesterday.

With one eye on inflation, governor leaves OCR alone

Reserve Bank governor Graeme Wheeler has dampened down any thoughts he may cut the official cash rate from 3.5%, despite the Australian official lending rate being likely to fall to 2% by May.

Further RBA rate cut, to 2%, likely

Further RBA rate cut, to 2%, likely

The Reserve Bank of Australia is likely to cut its lending rate again this year to 2%, which is expected to boost an already booming Australian housing market.

Key economic indicators today

Key economic indicators today

If you want a quick snapshot of all things New Zealand, today could be your day.

Queenstown Airport growth up another 34.4%

Queenstown Airport continued its strong overall performance in December with international passenger numbers 34.4% higher than the corresponding period last year.

Sport unbundled, at a price

Sky Network Television yesterday released a sports fans pass, giving unbundled access to some of its key sports - Super Rugby, NRL and Formula 1.

Lower prices for some

Lower prices for some

Mighty River Power says all community services card holders will be eligible for cut-price electricity rates through its high-tech Globug pre-pay services.

Robust economy encouraging people to work

The robust domestic economy is supporting increases in employment but it is also encouraging people to look for work, limiting the fall in the unemployment rate.