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MARKET CLOSE NZ stocks fall as investors eye China, wait on OCR hike; Fletcher, Xero drop Read more »

Article – BusinessDesk

March 12 (BusinessDesk) – The New Zealand dollar fell from a post-float high on a trade-weighted basis ahead of tomorrows Reserve Bank policy review, which will likely kick off a tightening cycle with a rate hike. Read more »

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March 12 (BusinessDesk) – The Treasury hasnt analysed its dealings with South Canterbury Finance or formally reviewed the lessons learned from the retail deposit guarantee, which is expected to cost the taxpayer as much as $1.1 billion, despite … Read more »

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GTL Energys NZ unit, with option on Solid Energys idled briquette plant, posts wider loss Read more »

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March 12 (BusinessDesk) – The receiver for Bridgecorp has reached a deal with the former directors and insurer of the failed lender, which will boost the payout to investors by 4 cents in the dollar. Read more »

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March 12 (BusinessDesk) New Zealand guest nights spent in short term commercial accommodation barely budged in January as an increase in hotel stays was offset by a drop for motels, backpacker and holiday park stays. Read more »

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March 12 (BusinessDesk) – The receiver for Bridgecorp has reached a deal with the former directors and insurer of the failed lender, which will boost the payout to investors by 4 cents in the dollar. Read more »

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Trade Me may reap $22.5M more real estate ad revenue by hiking fees, fending off rivals Read more »

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NZ TWI rises to post-float record, raising chances RBNZs Wheeler will talk down the kiwi tomorrow Read more »

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March 12 (BusinessDesk) – Skellerup, the industrial rubber goods maker, has reached a $32.3 million settlement with insurers over claims from the Canterbury earthquakes in 2010 and 2011 which prompted the relocation of its Christchurch manufacturing … Read more »

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March 12 (BusinessDesk) Wall Street slid amid ongoing concern about an international standoff about Ukraine, while copper continued its slump because of worries about the slowing pace of growth and more corporate bond defaults in China. Read more »

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March 11 (BusinessDesk) New Zealand stocks fell for a second day as some investors took advantage of a market that reached a record last week to reduce their holdings. New Zealands four largest listed companies, Fletcher Building, Xero, Auckland … Read more »

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March 11 (BusinessDesk) – Metlifecare, the retirement village operator which counts the New Zealand Superannuation Fund and Infratil as cornerstone investors, sees annual earnings growth of up to 18 percent provided current trading conditions stay in place. Read more »

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March 11 (BusinessDesk) – The New Zealand dollar gained in local trading on expectations the Reserve Bank will hike the official cash rate at this Thursdays policy review, kicking off a prolonged tightening cycle. Read more »

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March 11 (BusinessDesk) Environmental groups are calling for the postponement of TransTasman Resources application to mine ironsands in the Exclusive Economic Zone off the coast from Patea, claiming the company has not taken all relevant considerations … Read more »

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March 11 (BusinessDesk) Solid Energy, the unprofitable state-owned coal miner, has named an Australian mining manager at Glencore Xstrata as its chief executive after a year-long search following the departure of Don Elder. Read more »

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March 11 (BusinessDesk) The government is seeking feedback on the practicalities and privacy issues arising from its move to give all businesses, including charities, partnerships and sole traders, a single identifying number for dealings with state … Read more »

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March 11 (BusinessDesk) – Postie Plus, whose shares have plunged 44 percent over the past 12 months, expects to narrow its annual loss as it tries to revive profitability. Read more »

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March 11 (BusinessDesk) New Zealanders spent more on their credit and debit cards in February, fuelled by spending on hospitality, while durables and apparel rebounded from declines in January. Read more »

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March 11 (BusinessDesk) – Shares in Chorus slipped after the telecommunications network operator said it reached an initial deal with Crown Fibre Holdings to manage cash flow and provide more certainty for the ultrafast broadband roll-out. Read more »