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Jan. 27 (BusinessDesk) – Christchurch City Council’s Chief Executive Tony Marryatt has instructed the council’s payroll office to stop paying him a controversial salary increase from today, citing negative publicly and public opinion. Read more »

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Jan. 27 (BusinessDesk) – New Zealand shares gained for a third day as the prospect of globally low interest rates for an extended period stoked investors’ appetite for riskier, or higher-yielding, assets such as stocks. Fletcher Building paced gainers. Read more »

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Jan. 27 (BusinessDesk) – The New Zealand dollar held near a fresh three-month high in local trading against the greenback after data showed the nation unexpectedly posted its first trade surplus in five months and Reserve Bank Governor Alan Bollard … Read more »

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Jan. 27 (BusinessDesk) – Reserve Bank of New Zealand Governor Alan Bollard is reported to be planning to step down when his term ends in September, according to the National Business Review. Read more »

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Jan. 27 (BusinessDesk) – Jiang Zhaobai, the Chinese businessman purchasing the Crafar farms, is also a shareholder in a company seeking to buy land for a development in New Zealand. Read more »

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Jan. 27 (BusinessDesk) – New Zealand Post Group, the state-owned postal service, is increasing its postage rates for domestically self-wrapped parcels and introducing an additional charge for rural deliveries in March, to cover rising petrol costs … Read more »

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(Fixes reference to Jiang Zhaobai’s spot on the rich list in the first and last pars) Read more »

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Jan. 27 (BusinessDesk) – First New Zealand Capital working with Credit Suisse Australia, Macquarie Capital New Zealand and Goldman Sachs New Zealand have been anointed joint lead managers for the partial sale of Mighty River Power via an initial public share … Read more »

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Jan. 27 (BusinessDesk) – Reserve Bank Governor Alan Bollard says future monetary policy decisions will have to account for any increase in retail interest rates and the looming construction boom in Christchurch. Read more »

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Crafar farms a base for expansion by China’s wealthiest man Jan. 27 (BusinessDesk) – The purchase of 16 farms in New Zealand is a base for expansion in dairying by Zhaobai Jiang, the wealthiest person in China, according to the Overseas Investment … Read more »

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Jan. 27 (BusinessDesk) – The sale of 16 farms to China’s Shanghai Pengxin is has been approved by Associate Finance Minister Jonathan Coleman and Land Information Minister Maurice Williamson. Read more »

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Jan. 27 (BusinessDesk) – New Zealand reported a trade surplus in December as exports of milk powder, butter and cheese reached records. Read more »

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Jan. 27 (BusinessDesk) – The New Zealand government will take part in a series of hui to consult with Maori on legislative changes it considers necessary in order to float the minority shareholdings of four State Owned Enterprises. Read more »

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Jan. 27 (BusinessDesk) – New Zealand’s operating deficit was wider than forecast in the first five months of the government’s fiscal year as personal income tax continued to come up short of the Treasury’s expectations. Read more »

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Jan. 27 (BusinessDesk) – Huljich Wealth Management accounts reveal the KiwiSaver fund management company associated with politicians John Banks and Don Brash was sold to Fisher Funds for $20.9 million. Read more »

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Jan. 27 (BusinessDesk) – The New Zealand dollar touched a fresh a three-month high against the greenback after the Federal Reserve chairman Ben Bernanke announced an inflation target. Read more »

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Jan. 27 (BusinessDesk) – The Financial Markets Authority is giving all issuers of investments to the public until Jan. 1 next year to get all their prospectuses and investment statements comply with the new financial markets conduct law. Read more »

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Jan. 27 (BusinessDesk) – Disappointing data on American home sales spoiled the party on Wall Street after an earlier report of better-than-expected orders for durable manufactured goods. Read more »

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Jan. 26 (BusinessDesk) – New Zealand Oil & Gas, the largest shareholder in Pike River Coal, will take a $21 million impairment charge on the rest of its investment in the mine. Read more »

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Jan. 26 (BusinessDesk) – New Zealand shares were mixed in today’s trading session as holidays in Australia and across Asia kept investors away from taking strong positions in the lead-up to the local earnings season. Rakon led the benchmark index higher. Read more »