NZ dollar heads for 1.2 percent fall for the week after greenback rallies
Fri, 08 Feb 2013
By Paul McBeth Feb. 8 (BusinessDesk) - The New Zealand dollar is heading for a 1.2 percent fall against the greenback over the course of the week after the US currency rallied following a warning fro...
China Northern trumped Hillside in filling KiwiRail orders, Auditor-General says
Thu, 07 Feb 2013
Feb. 8 (BusinessDesk) – China Northern Locomotive and Rolling Stock Industry Corp easily outbid KiwiRail’s Hillside workshops in tenders to supply new rolling stock, the Auditor-General says in rulin...
Strong demand for NZ inflation indexed bonds in first sale of 2013
Thu, 07 Feb 2013
Feb. 8 (BusinessDesk) – Investors offered to buy more than six times the amount of inflation-indexed bonds on offer in the New Zealand Debt Management Office’s first sale of the securities this year....
Vibrant fibre market more important than low prices, Adams says
Thu, 07 Feb 2013
By Pattrick Smellie Feb. 8 (BusinessDesk) - The lowest price of broadband internet access is less important than ensuring consumers move as quickly as possible to high-speed fibre-based services, say...
UDPATE Wellington Airport says regulator's report flawed
Thu, 07 Feb 2013
By Paul McBeth Feb. 8 (BusinessDesk) - Wellington International Airport, which is co-owned by Infratil and Wellington City Council, denies it's extracting excessive profits and says the Commerce Comm...
Chorus shares jump 12 percent after Adams shunts out price review until 2015
Thu, 07 Feb 2013
By Paul McBeth Feb. 8 (BusinessDesk) - Shares in telecommunications network operator Chorus jumped 12 percent after Communications Minister Amy Adams shunted out threatened price controls until the...
Chorus gets reprieve as government puts price regulation on hold pending review
Thu, 07 Feb 2013
By Paul McBeth Feb. 8 (BusinessDesk) - Telecommunications network operator Chorus has been given some breathing space over price regulation of its ageing copper lines after Communications Minister Am...
GPG nets A$48.4M in sale of ASX-listed Capral, AV Jennings
Thu, 07 Feb 2013
Feb. 8 (BusinessDesk) - Guinness Peat Group, the investment firm winding itself down, netted A$48.4 million from the exit of two Australian investments this week. The company sold its 47 percent st...
NZ dollar extends slide on weak jobs data, gains vs. euro on ECB view
Thu, 07 Feb 2013
Feb. 8 (BusinessDesk) – The New Zealand dollar extended its slide following yesterday’s weak employment data while gaining against a broadly weaker euro after the European Central Bank kept interest...
While you were sleeping ECB signals rate cut
Thu, 07 Feb 2013
By Margreet Dietz Feb 8 (BusinessDesk) - European Central Bank president Mario Draghi sent equities and the euro lower with comments that he's concerned about the recent strength of the region's comm...
CORRECT Xero adds 23k customers since September, expects to double annual sales
Thu, 07 Feb 2013
(Corrects to show customer growth starting in September) Feb. 7 (BusinessDesk) - Xero, the cloud-based accounting software firm, added more than 23,000 customers to its client list since September a...
MARKET CLOSE NZ shares fall on busy trading day; Telecom drops, SkyCity gains
Thu, 07 Feb 2013
Feb. 7 (BusinessDesk) – New Zealand shares fell in the busiest session so far this year, paced by Telecom amid concern the earnings season may not reveal results that warrant high stock valuations. S...