UPDATE: Christchurch council company meets first deadline for capital 'release'
(Recasts with details of special dividend, comment from CEO) By Jonathan Underhill Sept. 29 (BusinessDesk) - Christchurch City Holdings Ltd, the city council's investment unit, has met its target under the city's long-term strategy by paying a $90 million dividend, the firs...
NZ dollar little changed as Fed officials fail to give new direction
By Jonathan Underhill Sept. 29 (BusinessDesk) - The New Zealand dollar was little changed after appearances by top Federal Reserve officials did little to change market perceptions of the timing of interest rate hikes in the US. The kiwi traded at 72.73 US cents as at 8am i...
NZ dollar retreats from presidential-debate highs as US economic data awaited
By Jonathan Underhill Sept. 28 (BusinessDesk) - The New Zealand dollar retreated from its overnight highs on speculation figures over the next two weeks will point to an improving US economy, making a Federal Reserve rate hike in December more likely. The kiwi traded at 72....
Smuggler Marine removes references to Sealegs technology from website
By Jonathan Underhill Sept. 28 (BusinessDesk) - Smuggler Marine, an Auckland-based boatbuilder, has removed references to Sealegs Corp amphibious boat technology from its website ahead of an application for a High Court injunction next month over the alleged infringement of Se...
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