RBNZ's Wheeler says interest rate hike to calm Auckland housing market 'pretty negligible' in short term

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

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

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

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...