Gyles Beckford

1 week ago | radionz.co.nz | Gyles Beckford

Consumer prices rise 0.9 percent in March quarter Annual inflation rate 2.5 percent from 2.2 percent Higher fuel, housing, rents, some groceries prices, tertiary fees drive increase International airfares, games, toys, telco equipment fall Bump in prices unlikely to prevent further RBNZ rate cuts Stats NZ revamps CPI basket - meal kits, cruises, smart watches in; ties, furniture out Inflation has edged higher on the back of more expensive petrol, rents, housing, and tertiary fees, but remains...

2 weeks ago | rnz.co.nz | Gyles Beckford

New Zealand and many of the world's economies have a ringside seat to what may prove to be the biggest head-to-head trade war between two giants seen in recent history. The unexpected retreat by the White House on its major policy to level the global trade playing field, by pausing its punitive tariffs against trade partners for 90 days - except China, has wrong-footed many countries.

2 weeks ago | rnz.co.nz | Gyles Beckford

Two billion dollars has been wiped off the value of New Zealand's share market as the rout of global financial markets caused by the US tariff policy finally caught up with the local market. The benchmark NZX-50 index opened immediately down about 1.8 percent, but in quick order slipped to its worst single session performance to about 3.6 percent, a slump not seen since the start of the Covid pandemic in mid-March 2020.

2 weeks ago | odt.co.nz | Gyles Beckford

You are not permitted to download, save or email this image. Visit image gallery to purchase the image. BusinessBy Gyles Beckford of RNZThe New Zealand sharemarket has fallen sharply today following the rout on international markets at the end of last week. The benchmark top-50 index has fallen more than 3.1 percent, the biggest single session fall since the start of the pandemic in March 2020. A large number of investment funds based on US stocks and assets have also slid.

2 weeks ago | rnz.co.nz | Gyles Beckford

The New Zealand sharemarket has fallen sharply today following the rout on international markets at the end of last week. The benchmark top-50 index has fallen more than 3.1 percent, the biggest single session fall since the start of the pandemic in March 2020. A large number of investment funds based on US stocks and assets have also slid. Companies exporting to the US or with significant US assets or income at risk from a slowdown such as tourism are the hardest hit.