Australian market set to open higher

The Australian market looks set to open higher despite Wall Street closing lower following a broad sell-off of tech stocks. At 0645 AEST on Thursday, the June share price index futures contract was up ...

  • Australian market set to open higher AAP - 21 minutes ago

    The Australian market looks set to open higher despite Wall Street closing lower following a broad sell-off of tech stocks. At 0645 AEST on Thursday, the June share price index futures contract was up ...

  • $A slightly higher after CPI fall AAP - 27 minutes ago

    The Australian dollar is slightly higher, but is struggling to bounce back from the losses made after the March quarter inflation figures came in weaker than expected. At 0630 AEST on Thursday, the local unit was trading at 92.88 US cents, up from 92.80 cents on Wednesday.

  • While you were sleeping Wall Street slips BusinessDesk - 53 minutes ago

    Wall Street fell as disappointing earnings from companies including AT&T made investors cautious in a market trading near record highs. Later on Wednesday, Apple and Facebook are scheduled to report their quarterly results. In afternoon trading in New York, the Dow Jones Industrial Average slipped 0.11 percent, the Standard & Poor's 500 Index fell 0.18 percent, while the Nasdaq Composite Index dropped 0.74 percent. "These next few days are the most important of the earnings season as some big bellwethers report," Heinz-Gerd Sonnenschein, an equity market strategist at Deutsche Postbank, told Bloomberg News.

  • NZ dollar little changed before RBNZ interest rate … BusinessDesk - 56 minutes ago

    The New Zealand dollar was little changed ahead of the Reserve Bank decision on interest rates today as traders await clues to the pace of the tightening cycle. New Zealand's central bank is expected to hike rates for the second month in a row, taking the benchmark to 3 percent. Last month the RBNZ became the first major central bank to raise interest rates since the global financial crisis, and signalled more hikes were in the pipeline as it attempts to head off inflation. Still, traders are mulling whether the bank may slow the pace of future hikes after a decline in dairy prices and lower than expected inflation.

  • OCR rise at farmers' expense Newstalk ZB - 1 hour 30 minutes ago

    Farmers and rural landowners are reluctantly accepting the likelihood of another rise in the Official Cash Rate today.

  • Potential dairy industry shortage addressed Newstalk ZB - 2 hours 20 minutes ago

    There are concerns the dairy industry won't have enough qualified staff in coming years as farms grow and demands increase.

  • Food safety council to be set up Newstalk ZB - 2 hours 32 minutes ago

    An independent council is being set up to advise the government on food safety issues.

  • Questions over expected OCR hike Newstalk ZB - 3 hours ago

    The Greens are asking if another rise in the Official Cash Rate is needed.

  • Expect tough love on May 13: Hockey AAP - 9 hours ago

    Australians should expect a serve of tough love when the Abbott government hands down its first budget, Joe Hockey has warned. However, in a speech delivered weeks out from the May budget, the treasurer has also promised big investments in infrastructure that will help spur on the nation's economy. "All Australians must help us to do the heavy lifting," Mr Hockey said in an address hosted by the Spectator Magazine. "The volume of demand for these programs is outstripping the capacity of taxpayers to fund them," Mr Hockey said.

  • Rates to remain stable in budget run-up AAP - 12 hours ago

    At least Australians won't have to contend with higher interest rates while swallowing the bitter pill of the federal government's budget. The latest official inflation numbers proved tamer than feared, keeping the consumer price index within the Reserve Bank's two to three per cent target band and suggesting interest rates will remain stable for a while yet. The data came as Prime Minister Tony Abbott was again warning of a big repair job when the government's first budget is handed down on May 13. "You have got to fix the budget if you are going to fix the economy," he told reporters in Canberra on Wednesday.

  • Govt's audit to be released next week AAP - 12 hours ago
    Govt's audit to be released next week

    Treasurer Joe Hockey will next week release the long-awaited commission of audit that is helping him frame his first budget. But Mr Hockey told a Sydney audience on Wednesday he will not automatically accept all the recommendations. The commission finds government spending has almost tripled in the past 40 years. Mr Hockey said the age pension is the largest program "by a fair margin" and already takes up 10 per cent of all commonwealth spending.

  • China Mobile profit down 9.4 per cent AAP - 12 hours ago
    China Mobile profit down 9.4 per cent

    China Mobile, the world's biggest phone carrier by number of subscribers, says its latest quarterly profit declined 9.4 per cent despite a rise in customer numbers as spending per account declined. The ...

  • Toyota sells 2.58 million vehicles AAP - 13 hours ago
    Toyota sells 2.58 million vehicles

    Toyota has kept its position at the top in global vehicle sales for the first quarter of this year, outpacing rivals General Motors and Volkswagen. Toyota Motor said on Wednesday that it sold a record 2.583 million vehicles in the January-March period, putting the Japanese carmaker ahead of Detroit-based GM at 2.42 million and Volkswagen of Germany at 2.4 million. Toyota's first quarter sales rose by more than 6 per cent from the same period the previous year. GM's sales grew 2 per cent, while Volkswagen's added nearly 6 per cent.

  • Sales of US existing homes slip AAP - 13 hours ago
    Sales of US existing homes slip

    Sales of existing US homes slipped in March to their lowest level since July 2012 as rising prices and a tight supply of available homes discouraged many would-be buyers. The National Association of Realtors says sales edged down 0.2 per cent to a seasonally adjusted annual rate of 4.59 million. Sales rose in the US Northeast and Midwest, suggesting that cold winter weather did not slow sales. Fewer homes for sale, higher mortgage rates and rising prices have contributed to lower sales since last summer.

  • $A falls on lower than expected inflation AAP - 13 hours ago

    The Australian dollar has fallen after lower than expected inflation figures reduced the likelihood of a rate hike in the near future. "When we got a downside surprise on the CPI, which goes against the recent trend of positive surprises for the economy and speculation that the RBA could hike rates, it drove the Aussie lower," Mr Been said. Meanwhile, the CPI figures saw Australian bond futures prices rally, Nomura head of macro products Jon Linton said.

New Zealand Markets

Company Finances

  • Toyota sells 2.58 million vehicles AAP - 13 hours ago
    Toyota sells 2.58 million vehicles

    Toyota has kept its position at the top in global vehicle sales for the first quarter of this year, outpacing rivals General Motors and Volkswagen. Toyota Motor said on Wednesday that it sold a record 2.583 million vehicles in the January-March period, putting the Japanese carmaker ahead of Detroit-based GM at 2.42 million and Volkswagen of Germany at 2.4 million. Toyota's first quarter sales rose by more than 6 per cent from the same period the previous year. GM's sales grew 2 per cent, while Volkswagen's added nearly 6 per cent.

  • Advocates vow to revive Navajo junk-food tax Associated Press - 21 hours ago
    Advocates vow to revive Navajo junk-food tax

    Facing a high prevalence of diabetes, many American Indian tribes are returning to their roots with community and home gardens, cooking classes that incorporate traditional foods, and running programs ...

  • Harley-Davidson 1Q earnings roar ahead Associated Press - Wed, Apr 23, 2014 7:06 AM NZST
    Harley-Davidson 1Q earnings roar ahead

    Harley-Davidson reported an 18.7 percent rise in first-quarter earnings, saying motorcycle sales grew 5.8 percent worldwide and efficiency efforts took hold during the quarter. The results beat Wall Street ...

  • How 'Sail' sold: Story of Awolnation's Aaron Bruno Associated Press - Wed, Apr 23, 2014 3:41 AM NZST
    How 'Sail' sold: Story of Awolnation's Aaron Bruno

    He has the second longest-running song in the history of the Billboard Hot 100 chart. You've likely heard the song — but not the name of the man who created it. Aaron Bruno is the musician behind "Sail," ...

  • 'Modern Family' dad opens beer restaurant in Utah Associated Press - Wed, Apr 23, 2014 3:12 AM NZST
    'Modern Family' dad opens beer restaurant in Utah

    He plays a bumbling dad on ABC's "Modern Family," but in Salt Lake City Ty Burrell is trying out for a role as restaurateur. Burrell has just opened Beer Bar, a beer garden-like eatery that serves ...

  • A Small Smartphone Startup Is Going Guerilla to Get Some Big-Time Attention Entrepreneur - Wed, Apr 23, 2014 3:00 AM NZST
    A Small Smartphone Startup Is Going Guerilla to Get Some Big-Time Attention

    You might not have heard of this company before. But that might soon change. It’s using guerilla-style marketing to aggressively get the word out about its forthcoming Android-based smartphone.

  • Summer movie preview: Hollywood bets big again Associated Press - Wed, Apr 23, 2014 2:29 AM NZST
    Summer movie preview: Hollywood bets big again

    Like jumbo jets on the runway, Hollywood's summer movies are lined up, ready for takeoff. Will they hit any turbulence? If the movie business had a "fasten your seat belt" light, it was certainly ...

  • Harley-Davidson 1Q earnings up 18.7 percent Associated Press - Wed, Apr 23, 2014 12:16 AM NZST
    Harley-Davidson 1Q earnings up 18.7 percent

    Harley-Davidson's first-quarter earnings rose 18.7 percent as motorcycle sales grew worldwide and efficiency efforts took hold. The Milwaukee company says global sales of new motorcycles grew 5.8 percent ...

  • E-cig industry awaits looming federal regulation Associated Press - Tue, Apr 22, 2014 10:44 PM NZST
    E-cig industry awaits looming federal regulation

    Smokers are increasingly turning to battery-powered electronic cigarettes to get their nicotine fix. They're about to find out what federal regulators have to say about the popular devices. The Food and ...

  • Hasbro posts 1Q profit, sales of girls' toys rise Associated Press - Tue, Apr 22, 2014 7:53 AM NZST
    Hasbro posts 1Q profit, sales of girls' toys rise

    Hasbro returned to profitability in its first quarter, driven by sales of girls' toys such as My Little Pony and Nerf Rebelle. The prior-year results were dragged down by restructuring charges. Its latest ...