DMO lifts bond issuance by $1 billion in year to June 2022
By Rebecca Howard Dec. 14 (BusinessDesk) - The New Zealand Debt Management Office has lifted its issuance programme by $1 billion through June 2022 compared to its prior forecasts and reiterated plans to launch a new April 20, 2029 bond in the first half of 2018. The 2017/1...
Treasury sees greater inflationary pressure, higher interest rates
By Rebecca Howard Dec. 14 (BusinessDesk) - New Zealand’s Treasury sees greater inflationary pressures and higher interest rates as new government policies lead to a faster pace of economic and wage growth. The policies are “forecast to support a longer period of above-trend...
OG Oil & Gas receives regulatory approval for its partial takeover of NZ Oil & Gas
By Rebecca Howard Dec. 14 (BusinessDesk) - OG Oil & Gas has received approval from the Overseas Investment Office in its partial takeover bid for New Zealand Oil & Gas, one of the final hurdles the oil and gas division of Ofer Global needs to declare the deal done. "This a...
NZ dollar gets late lift from US political news
By Rebecca Howard Dec. 13 (BusinessDesk) - The New Zealand dollar stuck to a tight range ahead of policy decisions from a raft of central banks but got a late lift after reports that Democrat Doug Jones beat Republican Roy Moore in the US Senate race in Alabama. The kiwi do...
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