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NZ needs to jump on blockchain train - report

Friday, 28 September, 2018 - 05:00

A central bank-issued cryptocurrency, thriving cryptocurrency exchanges and the ability for businesses to trade in GST-free cryptocurrency are needed if Aotearoa New Zealand is to enjoy the vast potential benefits from this technology, a new report finds.

Oil returns to centre stage - CMC Markets

Wednesday, 26 September, 2018 - 11:52

Brent crude oil surged to for year highs overnight and dominated market action. Energy stocks added to recent gains and industrial shares came under pressure. Currency markets remained calm, although the oil-sensitive Norwegian Kroner showed signs of being overbought.

All bets off as China cancels talks - CMC Markets

Monday, 24 September, 2018 - 11:53

By Michael McCarthy, chief market strategist, CMC Markets and Stockbroking

DHL Express announces its 2019 rate adjustments in NZ

Friday, 21 September, 2018 - 13:43

DHL Express, the worlds leading international express services provider, today announced its annual price increase, effective January 1, 2019. Compared to 2018, in New Zealand the average shipment price increase will be 4.9%.

Countdown first supermarket chain to team up with UnionPay nationwide

Thursday, 20 September, 2018 - 12:15

 Countdown’s 181 supermarkets throughout New Zealand can now accept UnionPay cards, the major payment method for Chinese tourists which are now accepted in 170 countries and regions across the globe.

Bonds flash danger - CMC Markets

Thursday, 20 September, 2018 - 11:51

US ten year bond prices flirted with seven year lows overnight. A breach of the yield high at 3.13% could see a sharp increase in bond market volatility and significantly higher interest rates.

DHL eCommerce launches Cash on Delivery for cross border e-commerce

Monday, 17 September, 2018 - 14:01

Enabling COD in Southeast Asia allows access to over 73% of unbanked population

Specifically for sellers in China and Australia, the new service enables cash collection from consumers in Malaysia, Thailand and Vietnam upon delivery

Trade tide turns - CMC Markets

Thursday, 13 September, 2018 - 11:35

Unconfirmed reports that the US Treasury Secretary sought trade talks with China short circuited negative market sentiment in overnight trading. China exposed markets rallied strongly. Industrial metals leapt higher, shares recovered and bonds held firm at higher yields.

Crude gains - CMC Markets

Wednesday, 12 September, 2018 - 12:45

Oil prices surged overnight on concerns about supply outages. Firstly, the American Petroleum Institute (API) reported a surprise stockpile reduction of 8.636 million barrels.

Sterling stars as markets await trade news

Tuesday, 11 September, 2018 - 11:25

By Michael McCarthy (chief market strategist, CMC Markets and Stockbroking)