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NZ property values climb 5.7 percent in 2012, Auckland values set to keep gaining
Jan. 10 (BusinessDesk) - New Zealand property values rose 5.7 percent last year, driven by gains in Auckland and a recovery in Christchurch, and the housing market in the country's biggest city is set to keep climbing, according to Quotable Value. Property values were 1.5 perc...
Regulator takes its time on gas meter sale to Vector
By Pattrick Smellie Jan 10 (BusinessDesk) - The Commerce Commission has given itself an extra two months to consider competition issues raised by Vector's proposed purchase of Contact Energy's gas metering business, following submissions claiming the move will create a "virtual...
MARKET CLOSE NZX 50 at five-year high, OceanaGold, Kathmandu, Telecom gain
Jan. 9 (BusinessDesk) –New Zealand shares rose, nudging the NZX 50 to a five-year high. OceanaGold, Kathmandu and Telecom led gainers. The NZX 50 Index rose 13.17 points, or 0.3 percent, to 4103.54. Within the index, 24 stocks rose, 18 fell and eight were unchanged. Turnover was...
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