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MARKET CLOSE: NZ stocks rise from 4-month low; Air NZ, TradeMe rise ahead of earnings
By Suze Metherell Aug. 5 (BusinessDesk) - New Zealand shares rose from a fourth-month low as investors were lured back to a cheaper market looking for yield. Air New Zealand and Trade Me Group paced the gains. Gentrack Group extended its decline to a record low close. The N...
Board of inquiry approves Tainui's Ruakura inland port designation
By Pattrick Smellie Aug. 5 (BusinessDesk) - Tainui Group Holdings and its partner in a massive land development proposal north of Hamilton are a step closer to turning earth following a draft approval to re-designate 800 hectares around Ruakura from rural to use for employment...
Reserve Bank of Australia reiterates stable outlook for interest rates
By Jonathan Underhill Aug. 5 (BusinessDesk) - The Reserve Bank of Australia kept the cash rate unchanged at 2.5 percent and reiterated that a "period of stability" in interest rates is warranted given the outlook for inflation. Governor Glenn Stevens released a statement th...
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