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Qld treasurer denies talking down economy

Qld treasurer denies talking down economy

Queensland Treasurer Curtis Pitt became the latest, after telling parliament on Thursday the state economy had slid into rece…

Oroton loses its shine

Oroton loses its shine

Shares in Oroton have nosedived after the lux…

  • NZME wins top honours at 2015 Canon Media Awards Fuseworks - Fri, May 22, 2015 10:22 PM NZST

    NZME is thrilled to be leading news, sport and entertainment journalism, evident by the 24 wins at tonight’s Canon Media Awards. NZME Publishing’s flagship publication The New Zealand Herald won the top industry prize, Newspaper of the Year, at the awards evening held at Sky City Convention Centre in Auckland. Columnist of the Year went to Herald journalist Michele Hewitson and Herald Investigations Editor Jared Savage was named Reporter of the Year.

  • Qld treasurer denies talking down economy AAP - Fri, May 22, 2015 7:39 PM NZST
    Qld treasurer denies talking down economy

    Queensland Treasurer Curtis Pitt became the latest, after telling parliament on Thursday the state economy had slid into recession in the second half of 2014. Mr Pitt was having a crack at the previous Liberal National Party government, which lost the January election, but his comments have backfired. Business groups and economists say only Australian Bureau of Statistics figures, rather than state treasury data, can be trusted and the opposition accuses Mr Pitt of recklessly talking down the economy.

  • $A higher in quiet trade amid USD weakness AAP - Fri, May 22, 2015 7:28 PM NZST

    The Australian dollar is higher as the US dollar weakened amid speculation about when the US Federal Reserve will hike interest rates. The Australian dollar was worth 79.12 US cents at 1700 AEST on Friday, up from 79.00 US cents on Thursday. NAB senior currency strategist Emma Lawson said the local currency gained around a third of a per cent on Friday against the US dollar which was consistent with other currencies such as the New Zealand dollar and euro.

  • Banks weigh on Aust share market AAP - Fri, May 22, 2015 7:08 PM NZST

    The share market has finished flat after weakness among the big four banks offset strong gains among energy stocks. The market had opened higher thanks to strong leads from the US and with stronger oil prices lifting energy stocks. "There seems to be three factors: the banks have just gone ex-dividend, there's been bond market volatility which the banks are quite susceptible to and ongoing capital concerns," he said.

  • Aust bonds firmer in line with Treasuries AAP - Fri, May 22, 2015 6:41 PM NZST

    The Australian bond market is firmer as traders take their cues from US Treasuries. Continued weak economic data out of the US has traders speculating that the Federal Reserve could delay lifting the cash ...

  • Stocks to watch on Friday AAP - Fri, May 22, 2015 6:20 PM NZST

    Stocks to watch on the Australian stock exchange at close on Friday: BHP - BHP BILLITON - up one cent, or 0.03 per cent, to $29.25 FMG - FORTESCUE METALS GROUP - down one cent, or 0.47 per cent, to $2.11 ...

  • Aust shares close flat AAP - Fri, May 22, 2015 6:17 PM NZST

    The Australian share market has closed flat, with a lacklustre performance from the big banks dragging on the broader market. At the close on Friday, the benchmark S&P/ASX200 index was 2.4 points, or 0.04 ...

  • Concern over changes to Telecommunications Development Levy Fuseworks - Fri, May 22, 2015 5:58 PM NZST

    The Telecommunications Forum (TCF) is concerned about the process the Government has followed to extend a tax on the telecommunications industry to pay for the extension to rural broadband. Following the Budget announcements, the Government tabled a Bill in the House under urgency, to extend the Telecommunications Development Levy in order to tax the industry to pay for the next round of the rural broadband initiative. Geoff Thorn, the TCF CEO said "This Bill has been introduced under urgency and doing so avoids any public debate.

 

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    Market Data

    • Currencies
      Currencies
      NamePriceChange% Chg
      0.93470.000.00%
      NZDAUD=X
      0.73110.000.00%
      NZDUSD=X
      0.47200.000.00%
      NZDGBP=X
      88.85980.000.00%
      NZDJPY=X

    MARKET MOVERS

    • Most Actives
      Most Actives
      NamePriceChange% Chg
      2.73-0.05-1.62%
      SPK.NZ
      2.34+0.07+3.31%
      MEL.NZ
      1.24+0.01+0.73%
      KPG.NZ
      2.90-0.05-1.69%
      AIR.NZ
      2.87-0.03-1.03%
      MRP.NZ
    • % Gainers
      % Gainers
      NamePriceChange% Chg
      0.50+0.03+6.38%
      GEO.NZ
      6.20+0.35+5.98%
      CMO.NZ
      0.93+0.05+5.68%
      TIL.NZ
      4.00+0.20+5.26%
      TRP010.NZ
      0.91+0.04+4.60%
      SKO.NZ
    • % Losers
      % Losers
      NamePriceChange% Chg
      0.33-0.03-8.33%
      MOA.NZ
      0.34-0.02-5.56%
      CAV.NZ
      0.21-0.01-4.55%
      SPY.NZ
      4.35-0.20-4.40%
      TPW100.NZ
      1.96-0.09-4.39%
      IQE.NZ