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Stock Market / Finance in New Zealand

  • New Zealand Food Prices Fall 0.2% In November

    NEW ZEALAND, 2015/12/11 Food prices in New Zealand eased 0.2 % on month in November, Statistics New Zealand said on Friday, following the 1.2 % decline in October. Meat, poultry, and fish prices rose 1.6 %, reflecting higher prices for all types of meat, particularly chicken (up 4.4 %). Non-alcoholic beverage prices were as well up, driven by higher prices for energy drinks. "Prices fell for tomatoes, lettuce, and broccoli in November," consumer prices manager Matt Haigh said. "Vegetable prices were down 8.5 %, although the fall was only 1.2 % next adjusting for seasonal effects."

  • New Zealand dollar overvalued, but no quick fixes to lower it

    NEW ZEALAND, 2013/02/26  The New Zealand dollar is significantly overvalued compared with its economic fundamentals, but there are no quick means to bringing it down, inclunding intervention, the central bank governor said on Wednesday, skittling the currency by nearly half a cent. Reserve Bank of New Zealand Governor Graeme Wheeler said part of the currency's strength reflected world imbalances, a weak U.S. dollar, and New Zealand's improved terms of trade, but he said there were no simple solutions, inclunding intervention.

  • Hellaby Holdings CEO John Williamson

    NEW ZEALAND, 2012/12/28 Investment holding company Hellaby says its acquisition of industrial services business Arrangement Resources is the prime of additional investments it plans to make. Hellaby said yesterday it would spend $73 million on an 85 % stake in Arrangement Resources inclunding taking on its $30 million deficit. The other 15 % will remain in the ownership of senior managers and chief executive Andrew Wells putting a total enterprise price of $116 million on the company.

  • New Zealand CPI On Tap For Tuesday 2012-07-17

    NEW ZEALAND, 2012/07/17 Inflation is expected to rise 1.1 % on year, slowing from 1.6 % in the previous three months. On quarter, it is called unchanged at 0.5 %. The Reserve Bank of Australia will release the minutes from its monetary policy conference on July 3, in which it decided to keep interest rates unchanged at 3.50 %. Australia as well will see June figures for new motor vehicle sales; in May, they were up 2.4 % on month and 22.4 % on year.

  • Aussie, N.Z. Dollars Climb as Data to Boost Easing Bets 2012-06-22

    AUSTRALIA, 2012/06/22 The Australian and New Zealand dollars climbed as U.S. reports next week may show slowing home sales increase and weakening confidence, boosting speculation the Federal Reserve will add to measures supporting increase. The so-called Aussie strengthened versus most of its 16 major peers this week after Fed Chairman Ben S. Bernanke said June 20 he may consider another round of many purchases, or quantitative easing, after a-day central bank conference this week. Gains in both South Pacific currencies were tempered as Asian stocks extended a world equity rout and after Moody’s Investors Service lowered the ratings for 15 banks, including Credit Suisse Group AG and Morgan Stanley.

  • New Zealand Q1 Current Account Deficit NZ$2.8 Billion 2012-06-21

    NEW ZEALAND, 2012/06/21 The deficit was $0.6 billion higher than in the December 2011 quarter. Statistics NZ said the balance on goods and services moved into a deficit for the first time since the December 2008 quarter, leading to the increase in the current account deficit rise.

  • Australian, N.Z. Dollars Trade 2011-12-29

    NEW ZEALAND, 2011/12/29   The Australian and New Zealand dollars traded 0.1 % from a-week low against the greenback as concern increased that Europe’s debt crisis may deepen, damping request for higher-yielding assets.   The South Pacific currencies declined yesterday after a statement showed the European Central Bank’s balance sheet soared to a record after it lent financial institutions additional money last week to keep credit flowing. Declines in the so-called Aussie and kiwi were limited before a statement estimate to show an improvement in the U.S. housing market.

  • New Zealand’s currency climbed toward a record 2011-07-18

    NEW ZEALAND, 2011/07/18 New Zealand’s currency climbed toward a record against the dollar next second-quarter consumer prices rose additional than economists estimate, adding to signs of post-earthquake recovery in the country.

  • New Zealand dollar touches new peaks 2011-07-05

    NEW ZEALAND, 2011/07/05 WELLINGTON/SYDNEY: The New Zealand dollar bounded to its highest since 1981 on Tuesday as bulls drove it through a big buy-stop level, while its Australian neighbour lagged behind before a central bank meeting that was almost certain to leave rates unchanged.

  • Sees its Credit Outlook Downgraded by S&P, Kiwi Stumbles

    NEW ZEALAND, 2010/11/25 The New Zealand Kiwi fell in today's trading as S&P surprised market participants and downgraded the outlook on the country's foreign-currency sovereign credit rating to negative from stable. S&P sees New Zealand's widening external imbalances and the country's weakened fiscal flexibility as increasing risk to its sovereign deficit.
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