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The New Zealand dollar may advance this week as the Reserve Bank disappoints some traders positioned for an aggressive interest rate cut of 50 basis points by limiting its reduction to a quarter-point. The kiwi may trade between 63.50 US cents and 67.05 cents, according to a BusinessDesk survey of 11 currency advisers. Six expect the kiwi to gain, four …

New Zealand’s services sector, which accounts for about two-thirds of the economy, was at its most buoyant level in 11 months in June. The BNZ-BusinessNZ performance of services index rose 0.1 point to a seasonally adjusted 58.2 last month, its highest level since July 2014, and extending a run of continuous expansion since October 2009. All of the five sub-indices …

A2 Milk Co, which markets milk with a protein variant said to have health benefits, says annual earnings were flat and are set to triple in 2016 with sales expected to rise faster than forecast. Separately, the company has told its suitors to try again after an initial offer wasn’t compelling and drew out rival bidders. Earnings before interest, tax, …

Sharemarket analysts are expecting a slew of profit upgrades and new commentary from stock exchange-listed exporters in the upcoming earnings season following the recent slump in the value of the New Zealand dollar, says Andrew Bascand, the managing director of Wellington-based funds manager Harbour Asset Management. Among likely beneficiaries are businesses such as Fisher & Paykel Healthcare, Nuplex Industries, Xero …

The National Party has lost more than 10 percent of its support in two months, as measured by the New Zealand arm of Australian pollster Roy Morgan, to run neck and neck at 45 percent support, with its coalition partners, against a combination of the Labour and Green parties for the first time since five months before last September’s general election. Labour and the Greens …

Wall Street is set to sustain recent gains after the Nasdaq closed at a record high on Friday, amid better-than-expected earnings from companies including Google, and US Federal Reserve chair Janet Yellen’s comments that rate increases will be moderate. IBM, Microsoft, Apple, Yahoo and Morgan Stanley are among the companies scheduled to release their latest earnings in the coming days. “We’re …

John Key will have plenty on his plate this coming week. National has been on the backfoot since Labour blindsided it with its release of leaked Barfoot & Thompson data suggesting that Chinese investments comprised a disproportionate number of recent Auckland housing sales. Particularly those over the $1 million mark. While Key has been off on his holiday jaunt in …

When the New Zealand – Korea free trade agreement signed in March enters into force, tariffs will be eliminated on 48% of current goods. New Zealand’s exports to Korea current attract $229 million every year in duties. In the first year alone the free trade agreement will save an estimated $65 million in duties, and within 15 years of establishment the …

The sharp Kiwi economist who’s done some of the best analytics in the New Zealand/China economic relationship is contemplating a switch to running a business. NZ INC. hopes Shamubeel Eaqub stays engaged in the China space. There’s plenty of contentious issues on the table right now that could do with indepth analysis. Businessdesk earlier reported: Outspoken economist Shamubeel Eaqub is …

This year marks the 70th anniversary of the end of World War II, and also the 70th anniversary of Korea’s division into North and South. Last month the World Journalists Conference was held throughout South Korea under the theme ‘the 70th anniversary of the division of Korea: Thinking about unification on the Korean Peninsula’. Na Kyung-won, Chairperson of the Foreign …