Dene Mackenzie

Kiwi's slide blamed on RB outlook

The New Zealand dollar can claim the dubious honour of being the worst performing major currency against the United States currency over the past month, and by some margin.

Slow Chinese economy impact global

Slow Chinese economy impact global

China's economy has slowed sharply under the weight of major domestic imbalances. This will hurt global growth but the impact on the United States and European economies looks manageable. Business editor Dene Mackenzie reports.

Jitters from Greek debt delay

The delay in Greece repaying its debt to the International Monetary Fund is likely to cause much market uncertainty in coming weeks.

Property market in steady decline

The Chinese property market has shown signs of weakness since early last year but this time it is different from temporary declines in previous years.

Compromise deal may be possible for Greece

Compromise deal may be possible for Greece

Greek's international creditors signalled they were ready to compromise to avert a default even as a defiant Athens warned it might skip an International Monetary Fund loan this week.

Good start for new year

Good start for new year

Restaurant Brands reported a strong start to the financial year, underpinned by another stellar quarter at KFC, Forsyth Barr broker Suzanne Kinnaird said yesterday.

Spark planning buyback of shares

Spark New Zealand plans to buy back as many as 40 million shares on market for up to $100million this year after a series of asset sales left its balance sheet under-leveraged.

Trade terms rebound unlikely to be sustained

Trade terms rebound unlikely to be sustained

New Zealand's terms of trade rebounded 1.5% in the three months ended March but falling dairy prices mean the recent rise is unlikely to be sustained.

Kiwi and Aussie drop sharply

The New Zealand and Australian dollars fell sharply against the US currency yesterday, as US markets reacted to reports of improved household incomes and construction spending.

Business confidence slipping

Business confidence slipping

Business confidence is starting to slide from its recent highs, along with the confidence firms have in employment, investment and their own activity.