News

NZ dollar drifts and ends at US70c

NZPA

The New Zealand dollar drifted lower for most of a quiet session but recovered to finish near where it started.

Sharemarket ends little changed

NZPA

The New Zealand sharemarket continued to reflect a patchy economy, ending today mixed on light volume.


Banks accused of profit gouging

The Age

The Reserve Bank of Australia has indirectly accused Australia's major banks of profiteering on interest rates, saying the recent series of ''super-sized'' rate rises had outpaced increases in the banks' funding costs.

Oil slips below US$82

AP

Oil slipped below US$82 a barrel overnight, retreating from an eight-week high hit the previous session, as a spike in Chinese inflation fed concern that potential monetary tightening could dent energy demand in the world's second largest oil consumer.

Sharemarket ends little changed

NZPA

The New Zealand sharemarket continued to reflect a patchy economy, ending today mixed on light volume.

NZ dollar drifts and ends at US70c

Australian shares follow Wall St higher

Wall Street ends on high note

Super Fund picks 'catastrophe bonds'

NZPA

The New Zealand Superannuation Fund is investing between US$125 million and US$250m (NZ$176.4m-NZ$353.4m) in "catastrophe bonds".

$253m into retail managed funds

Kauri bond raises $225m

Positive month for Super Fund

Retail sales recover in January

By ALAN WOOD BusinessDay

Following a disappointing Christmas for retailers, the month of January showed a national pickup with the total retail sales trend continuing to rise.

Cracker January for accommodation sector

House prices inch higher

Interest rates to rise 3pc by 2012 says economist