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26 Jan 2020

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NZ shares fall as coronavirus ripples through markets; utilities down
New Zealand shares fell as the outbreak of coronavirus continued to weigh on tourism-related companies, and as a flatter interest rate outlook sapped the attraction of companies paying reliable dividends.The S&P/NZX 50 Index fell...

Friday's business news: What you need to know
In today's business news - Low interest rates lure small investors back to the housing market and a privately owned stake in a South Auckland men's prison has been sold.

South Taranaki house will be sold to recover $10,000 rates debt
No rates have been paid on a South Taranaki home for five years, so now it's up for sale.

Australia’s Unemployment Rate Unexpectedly Falls to 5.1% in December
Australian unemployment unexpectedly declined in December as the labor market persisted in defying a sluggish economy, prompting a surge in the currency as traders slashed bets on an interest-rate cut

Uber tests a feature that lets some California drivers set their own rates
Uber is testing out a new feature that allows some drivers in California to choose how much they will charge customers.

Plenty of Avondale interest for Cooksley - NZ Racing Desk
Former top jockey Grant Cooksley is hoping to help maintain the recent strike rate of his apprentice, Masa Hashizume, at Avondale on Wednesday and also kick a $500,000 yearling purchase off on a winning note.

Where to next for interest rates? ANZ makes its call
The ANZ Bank has removed the official cash rate cut it had pencilled in for May, and now expects the rate to stay flat at the current 1.0 per cent.Most banks still expect the Reserve Bank to cut its rate at some point this year,...

Opinion: Interest on overseas student loans will only create more 'student loan exiles'
The student loan system in New Zealand, to put it simply, is a double-edged sword. While it allows numerous people access to tertiary education that they may not otherwise have, it also financially inhibits a lot of people from...

Jim Edmonds has 'no interest' in broadcasting Meghan King Edmonds family drama
Jim Edmonds and Meghan King Edmonds' divorce continues to play out in the media. Read Jim's statement to E! News on the family drama.

Cutting interest rates last year was a mistake - economist
The Reserve Bank made a mistake cutting its official cash rate last year and the resulting reignition of house price inflation means the central bank will probably tighten loan-to-valuation restrictions on bank lending, according...

Bank of Japan Leaves Rates Unchanged, Raises Growth Forecasts
Haruhiko Kuroda trod a cautious line on the economy Tuesday despite the Bank of Japan’s stronger growth forecasts, in remarks likely aimed at pushing back early speculation that the central bank’s next move will be to start normalizing policy

Shane Jones on funding conflict of interest, forestry meeting
Regional Economic Development Minister Shane Jones is hitting back at fresh criticisms of a conflict of interest saying he can meet with whomever he likes at Parliament's restaurant Bellamy's.

New 191-room 12-level Auckland CBD hotel planned: NZICC sparks new developments
The NZ International Convention Centre precinct continues to attract the interest of major developers. The latest business wanting to move to the area is Hotel Grand Chancellor (Auckland) which has lodged plans for a new 12-level...

Travel comparison site Trivago found guilty of misleading and deceptive conduct
Travel comparison site Trivago has been found guilty of misleading and deceptive conduct over prices advertised and commission rates, Australia's Federal Court has ruled.The Australian Competition and Consumer Commission (ACCC)...

The driving factors behind New Zealand's 'severely unaffordable' housing market
Red tape, inflated land prices, rock-bottom interest rates, migration and speculation are fuelling New Zealand's runaway property market.