Auckland Council nears borrowing cap via LGFA as local authorities flock to cheap debt
By Sophie Boot June 28 (BusinessDesk) - Auckland Council is nearing the limit on what it can borrow through the Local Government Funding Agency as low interest rates encourage local authorities to take on low-cost debt. Auckland Council yesterday deferred a bond sale, citin...
MARKET CLOSE: NZ shares bounce as Asian markets rise; Auckland Airport, Chorus, Genesis gain
By Sophie Boot June 27 (BusinessDesk) - New Zealand shares bounced today as Asian markets traded strongly in the afternoon, with companies offering stable dividends attracting interest from investors wary about potential cuts to the official cash rate. Auckland International A...
Vital Healthcare says shareholder's purchase of stake in Australian health trust not linked to rights offer
By Sophie Boot June 27 (BusinessDesk) - Vital Healthcare Property Trust says its holding company's acquisition of 19.9 percent of an ASX-listed health trust is unrelated to its recent rights offer announcement, and the two trusts will be run independently. NorthWest Healthc...
NZ farmer confidence rebounds in second quarter as dairy price improves
By Sophie Boot June 27 (BusinessDesk) - New Zealand farmer confidence bounced in the second quarter to the first net positive reading in more than a year, with a significant upswing across all sectors as rising dairy prices fuelled positivity. A net 3 percent of farmers wer...
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