Young women feel most financial stress

Young women in particular are feeling the most financial stress, with more than half of those aged 25-29 getting stressed over money. In contrast, men in their late 20s are more likely to live for today when it comes to their finances, a survey by consumer research and ratings company Canstar Blue shows. "Generally speaking, the older you get, the less you stress about money - but that's not nec…

  • Corporate deals push market higher AAP - 1 hour 31 minutes ago

    The share market has enjoyed its strongest gain in a month as bargain hunters moved in and merger and acquisition activity stirred investor interest. The key S&P/ASX200 index closed one per cent higher, ...

  • Aust $ down US rate hike outlook AAP - 1 hour 41 minutes ago

    Strong US inflation figures and increased chances of an American interest rate hike have driven the Australian dollar lower. US consumer prices rose for a third straight month in April. This combined with US Federal Reserve chair Janet Yellen's statement to expect an interest rate hike this year drove the US dollar up and the Aussie dollar down, ANZ senior FX strategist Dan Been said.

  • Australian bond futures mixed on US data AAP - 2 hours 21 minutes ago

    The Australian bond market is mixed after falling slightly on increased prospects of a US interest rate hike this year. Local bond futures prices traded within a narrow range on Monday, lacking any major ...

  • Banks reap extra $2.1b on credit cards AAP - 2 hours 26 minutes ago
    Banks reap extra $2.1b on credit cards

    Banks have reaped an extra $2.1 billion in the past four years by not passing on interest rate cuts to credit card customers. Comparison website creditcardfinder.com.au says the average credit card purchase rate has remained stuck at 17 per cent since the Reserve Bank began cutting its cash rate in November 2011. If the full 2.25 percentage points worth of RBA cuts had been passed on to credit card holders, they would have paid $2.1 billion less in interest as the average card rate would have dropped to 14.25 per cent.

  • Skilled shares soar on merger talks AAP - 2 hours 40 minutes ago

    Shares in workplace provider Skilled Group have jumped almost 12 per cent after it announced it was back in merger talks with rival Programmed. Skilled rejected a $1.38 takeover offer from Programmed in January, but had agreed to enter discussions again on signs the offer may be improved. Bell Direct equities analyst Julia Lee said Programmed would likely have to put forward a higher takeover offer to be successful.

  • Metgasco seeks govt compensation AAP - 2 hours 44 minutes ago

    Metgasco is urging the NSW government to strike an out-of-court compensation deal following their legal tussle over the suspension of the coal seam gas explorer's drilling licence. Metgasco in April won a long-running Supreme Court legal battle over the government's decision in 2014 to suspend its drilling licence near Lismore in northern NSW. Managing director Peter Henderson said he was pleased the government had advised that it had no plans to appeal the Supreme Court's ruling.

  • Cairns casino looks towards improvements AAP - 2 hours 44 minutes ago

    The operator of the Cairns casino hopes to boost its visitor numbers through a new loyalty program as well as marketing in Singapore and southeast Asia. The Reef Casino Trust, which was subject to an abandoned takeover offer by Hong Kong suitor Aquis in 2014, says the lapse of the bid means that management can focus on capital investment. Chief executive Allan Tan says the casino plans to introduce a new tiered loyalty program in the middle of this year to take advantage of good momentum in electronic gaming at the casino.

  • Stocks to watch on Monday AAP - 2 hours 47 minutes ago

    Stocks to watch on the Australian stock exchange at the close on Monday: EVN - EVOLUTION MINING - in a trading halt at $1.175 Gold miner Evolution Mining has announced its second acquisition in just over ...

  • Aust shares close higher AAP - 2 hours 48 minutes ago

    The Australian share market has closed around one per cent higher despite several major overseas markets being shut for public holidays. At the close on Monday, the benchmark S&P/ASX200 index was 56.8 ...

  • MARKET CLOSE: NZ shares rise, led by Contact; F&P, … BusinessDesk - 3 hours ago

    New Zealand shares rose after Contact Energy said it would return surplus cash to shareholders. Fisher & Paykel Healthcare and Metro Performance Glass gained ahead of reporting their earnings. Contact jumped 11 percent to $6.18 after the energy generator and retailer said it had ditched plans for now to invest in geothermal schemes offshore and will increase returns to shareholders, including a special dividend of 50 cents per share, payable June 23, and a new ordinary dividend payout ratio of 100 percent of underlying earnings after tax.

  • New health and safety law likely to be softened on … BusinessDesk - 3 hours ago

    Health and safety reforms sparked by the Pike River coal mine disaster look set to be softened either by a select committee considering new legislation or by the Cabinet, Prime Minister John Key said. The Health and Safety Reform Bill is due to be reported back to Parliament from the transport and industrial relations select committee this week. While Key denied a report from the Politik political news service that former Small Business Minister Maurice Williamson was contemplating crossing the floor to vote against the bill, he acknowledged concerns about the scope of the reforms were being raised with MPs by members of the public as they moved around the country.

  • Credit Suisse flags flat year for ASX AAP - 3 hours ago
    Credit Suisse flags flat year for ASX

    Investment bank Credit Suisse is forecasting a flat 12 months for Australian stocks as the resources sector and the big four banks weigh on the market. Credit Suisse has downgraded its 12-month target for the S&P/ASX 200 from 64,00 points to 5,850 points, which is just two per cent above its current levels. The bank's Australian chief investment strategist David McDonald said the local market had been one of the most disappointing performers globally in the past couple of months.

  • WA miners in $1.8b takeover deal AAP - 3 hours ago

    Miner Independence Group has struck a $1.8 billion deal to buy the company behind an emerging West Australian nickel project while the metal's price hovers at historic lows. Sirius Resources has recommended its shareholders accept the takeover offer, and millionaire minerals explorer Mark Creasy, its major investor, has backed the deal. It will give Independence Group the Nova-Bollinger nickel and copper project that Sirius recently began building.

  • Sanford 1H profit falls 18% on $6.8 mln mussel plant, … BusinessDesk - 3 hours ago

    Sanford, New Zealand's largest listed fishing group, reported an 18 percent drop in first-half profit as it wrote down the value of its fleet and Christchurch mussel processing plant. Profit fell to $9.6 million in the six months ended March 31, from $11.7 million a year earlier, the Auckland-based fishing company said in a statement. Sanford operates across the fishing industry, including inshore and deepwater fishing and processing, aquaculture operations farming salmon and mussels, and three international tuna vessels.

  • Pacific Edge gets FMA warning over disclosure, must … BusinessDesk - 3 hours ago

    Pacific Edge, which commercialised a non-invasive test for bladder cancer, has agreed to make a $500,000 compensation payment to shareholders after an investigation by the Financial Markets Authority found that the company probably breached NZX listing rules on continuous disclosure. The regulator issued a public warning to Pacific Edge after investigating delays in disclosing new contracts in 2013. The compensation payment will go to shareholders who sold the stock in the window between the company signing the contracts and making an announcement to the NZX, the FMA said in a statement.

New Zealand Markets

Company Finances

  • House panel votes to repeal country-origin meat labeling law Associated Press - Thu, May 21, 2015 8:35 AM NZST
    House panel votes to repeal country-origin meat labeling law

    A House committee has voted to get rid of labels on packages of meat that say where the animals were born, raised and slaughtered. The House Agriculture Committee voted 38-6 to repeal a "country-of-origin" ...

  • What you need to know about the Takata air bag recall Associated Press - Thu, May 21, 2015 8:34 AM NZST
    What you need to know about the Takata air bag recall

    A recall of air bags made by Japanese auto parts supplier Takata Corp. now has the dubious distinction of being the largest in U.S. history. The number of vehicles in the U.S. being recalled because of ...

  • This New Virtual Reality Headset Tracks Your Eye Movements Entrepreneur - Thu, May 21, 2015 7:50 AM NZST
    This New Virtual Reality Headset Tracks Your Eye Movements

    FOVE has launched a Kickstarter campaign to fund production and manufacturing of its headset.

  • Target beating Wal-Mart in race for turnaround Associated Press - Thu, May 21, 2015 5:58 AM NZST
    Target beating Wal-Mart in race for turnaround

    Target is beating Wal-Mart in the race to beef up sales. Target Corp. on Wednesday reported a nearly 52 percent surge in its first-quarter profit on strong sales of more profitable items like fashion and ...

  • Toyota recalls 181,000 cars AAP - Wed, May 20, 2015 8:13 PM NZST
    Toyota recalls 181,000 cars

    Toyota Australia has ordered the recall of 181,000 cars after an airbag fault linked to five deaths worldwide. The decision is part of a global recall of more than five million Toyotas which have been fitted with airbags from one of the world's biggest air-bag companies, Takata. Toyota Australia says its recall will affect vehicles built between 2003 and 2007 and includes its Yaris, Corolla, Avensis Verso, Echo and Rav4 models.

  • House to consider repeal of meat labeling law Associated Press - Wed, May 20, 2015 7:29 PM NZST
    House to consider repeal of meat labeling law

    A House committee is moving swiftly to get rid of labels on packages of meat that say where the animals were born, raised and slaughtered. The House Agriculture Committee will consider a bill to repeal ...

  • Takata air bag recall doubles to nearly 34 million Associated Press - Wed, May 20, 2015 2:37 PM NZST
    Takata air bag recall doubles to nearly 34 million

    Under pressure from U.S. safety regulators, Takata Corp. has agreed to declare 33.8 million air bags defective, a move that will double the number of cars and trucks included in what is now the largest ...

  • US investigation of 2007 peanut butter recall wraps up Associated Press - Wed, May 20, 2015 2:16 PM NZST
    US investigation of 2007 peanut butter recall wraps up

    ConAgra Foods is likely to face a criminal charge now that the U.S. government has completed its investigation of the company's 2007 peanut butter recall. A spokeswoman for the U.S. attorney's office in ...

  • Illinois Supreme Court hears $10B Phillip Morris appeal Associated Press - Wed, May 20, 2015 8:49 AM NZST
    Illinois Supreme Court hears $10B Phillip Morris appeal

    The fate of a $10.1 billion class-action judgment against the nation's largest cigarette maker is in the hands of justices at the Illinois Supreme Court, who heard oral arguments Tuesday in Phillip Morris ...

  • Fried chicken chain KFC resurrects Colonel Sanders for ads Associated Press - Wed, May 20, 2015 7:01 AM NZST
    Fried chicken chain KFC resurrects Colonel Sanders for ads

    KFC is bringing back Colonel Sanders as the fried chicken chain seeks to refresh its image by harkening back to its past. Sanders, who founded KFC, will be played by "Saturday Night Live" alumnus ...