All News

NZ dollar drifts lower as investors mull US recovery; RBNZ financial stability report eyed

NZ dollar drifts lower as investors mull US recovery; RBNZ financial stability report eyed

By Paul McBeth Nov. 12 (BusinessDesk) - The New Zealand dollar drifted lower in local trading as investors mull the prospects of the US economic recovery and look ahead to tomorrow’s financial stability report from the Reserve Bank. The kiwi fell to 82.30 US cents at 5pm in W...

12 Nov 2013
Kiwi Income raised to ‘buy’ at Craigs on ‘earnings accretive’ plan to take management inhouse

Kiwi Income raised to ‘buy’ at Craigs on ‘earnings accretive’ plan to take management inhouse

Nov. 12 (BusinessDesk) – Kiwi Income Property Trust was raised to ‘buy’ by brokerage Craigs Investment Partners on expectations its plans to internalise management will lift earnings and dividends, while reducing costs. Commonwealth Bank of Australia has agreed to cede manageme...

12 Nov 2013
Vector wades in on 4G spectrum, opposes letting telcos buy more

Vector wades in on 4G spectrum, opposes letting telcos buy more

By Paul McBeth Nov. 12 (BusinessDesk) – Vector opposes antitrust approval being given to dominant mobile phone operators Telecom and Vodafone New Zealand to buy more radio spectrum set aside for fourth-generation mobile technology, saying it would lock out other potential users...

11 Nov 2013