RBNZ's Wheeler says interest rate hike to calm Auckland housing market 'pretty negligible' in short term
By Paul McBeth Nov. 11 (BusinessDesk) - Reserve Bank governor Graeme Wheeler says raising interest rates as a short-term monetary policy response to Auckland's overheated housing market is "pretty negligible". Wheeler was appearing before parliament's finance and expenditur...
Qantas, American Airlines tie-up on Auckland-US route pits oneworld against Star Alliance
By Jonathan Underhill Nov. 11 (BusinessDesk) - Qantas Airways and American Airlines, members of the oneworld airline alliance, have gained approval for a tie-up operating between Auckland and Los Angeles, competing with Star Alliance members Air New Zealand and United Airlines...
New Plymouth Council fund sells Australia's largest dairy farm for A$250M
By Jonathan Underhill Nov. 10 (BusinessDesk) - New Plymouth District Council will end up owning about 19 percent of an ASX-listed dairy products company as part of a deal that will see its investment fund sell Van Diemen's Land, Australia's biggest milk supplier, for a profit...
Local Government Funding Agency rating affirmed by S&P at AA+ on Crown backing
Nov. 10 (BusinessDesk) - The Local Government Funding Agency, which sells bonds on behalf of most of New Zealand's local authorities, had its AA+/A-1+ credit ratings affirmed by Standard & Poor's, which cited the likelihood of central government support, strong market position an...
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