17 May: A selldown by Summerset's big Australian shareholder and the Australian manufacturing slump's effect on Nuplex have impacted on the NZ sharemarket.... more
17 May: Electricity and gas input prices for producers jumped 15.1 per cent in the first quarter, with lower hydro lake levels lifting generation prices.
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17 May: Speculation that the US Federal Reserve may end its quantative easing policy soon drags the NZ dollar to its lowest point in 2013 against the greenback.... more
17 May: Global credit rating agency Standard & Poor's cuts its outlook on eight of the smaller local banks to negative raising the prospect of a rating downgrade.... more
17 May: The budget is getting the usual blast of derision from opposition parties but the business sector approves of Bill English's careful financial management.... more
16 May: Telecom shares dropped 2.7 per cent after investors were told that its full-year earnings would be at the bottom end of its guidance range.... more
