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Woodward Partners research puts Meridian share value at $1.81
Oct. 2 (BusinessDesk) – The first of two independent research reports commissioned by the New Zealand stock exchange operator, NZX, on the Meridian Energy partial privatisation values the company’s shares at $1.81 apiece, some 21 cents above the capped price promised to small inv...
MARKET CLOSE NZ shares rise in absence of US budget impasse progress
Oct. 2 (BusinessDesk) – New Zealand shares rallied along with other regional bourses, as equity investors appeared to shrug off the US federal budget impasse for want of new information. The NZX 50 Index rose 24.998 points, or 0.5 percent, to 4,768.870. Within the index, 26 stoc...
NZ’s tepid productivity has driven down ‘neutral’ interest rates, says RBNZ
Oct. 2 (BusinessDesk) – Neutral interest rates in New Zealand, the theoretical level of borrowing costs that neither stimulates nor restricts the economy, have fallen in recent years and the nation’s weak productivity growth is the most likely culprit, the central bank says. Re...
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