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Augusta pays premium to take 9.3% stake in NPT for $11 mln
By Paul McBeth Sept. 26 (BusinessDesk) - Augusta Capital paid 14 percent above the market price to take a 9.3 percent stake in listed property investor NPT. The Auckland-based fund manager and property investor paid 73 cents apiece for the shareholding, more than the 64 ce...
Chinese eye NZ tourism investment
By Tina Morrison Sept. 25 (BusinessDesk) - The Chinese Chamber of Commerce is hosting a tourism investment summit to help New Zealand businesses better capitalise on burgeoning growth in the Chinese tourism market and encourage Chinese investment in this country’s stretched to...
NZ dollar falls to 4-week low as traders increase bets for rate cut in November
The New Zealand dollar fell to a four-week low as traders increased bets the Reserve Bank will cut the official cash rate in November after the bank last week cited "sustained" weakness in inflation while flagging the need for further easing. The kiwi dropped to 72.28 US cents...
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