Better numbers, crude rally - Michael McCarthy

Support for risk assets continued overnight as German trade data surprised on the upside and US continuing jobless claims unexpectedly fell. The US dollar eased, although bonds received solid support.

'New PwerDollar aims to shake up finance sector with digital NZ currency'

New Zealand financial services company PwerFinance is working to issue a world-first smart digital money, the PwerDollar (NZD).

Does NZ Need a Second Currency? - RedPill Money

With the Reserve Bank printing a $1 billion of new money each week and central banks around the world signalling higher inflation expectations is it time for New Zealand to have a second currency? Since July that is exactly what is happening.

'Rabobank lifts milk price forecast, but remains cautious about dairy market recovery'

With global dairy demand holding up surprising well throughout the course of the Covid-19 pandemic and the food service sector now beginning to recover as more regions move out of lockdowns, Rabobank has increased its farmgate milk price forecast by 40 cents to $6.35 kg/MS for the 2020/21 season.

Net international investment position remains steady - Stats NZ

New Zealand’s net international liability position was steady at $180 billion at 30 June 2020, Stats NZ said today.

New Inland Revenue guidance on cryptoassets

Inland Revenue has updated its guidance on the tax treatment of cryptoassets in New Zealand.

Crypto-assets are also known as cryptocurrencies or virtual currencies.

Global pressures weighing on prices - ANZ

The ANZ World Commodity Price Index eased 0.9% in August as lower dairy prices were partially offset by stronger prices for meat and aluminium.

Time for Pacific women to unleash business potential - PCF and Agnes Loheni

As the private sector continues to grapple with the challenges brought on by COVID-19, Samoan businesswoman Fonoti Agnes Loheni believes the pandemic will not deter Pacific women with entrepreneurial aspirations.

Air New Zealand adjusted its business quickly to manage the impact of Covid-19

Air New Zealand today announces its 2020 result, affirming the unprecedented effect of the Covid-19 pandemic on its business and the global aviation industry following extensive travel and border restrictions which commenced from March.

Data has a silver lining - CMC Markets

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