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June 18 (BusinessDesk) – ANZ Bank New Zealand, the countrys biggest lender, has been named as the first bank facing a class suit over an estimated $250 million fees charged customers for going into overdraft, late credit card payments and bouncing … Read more »

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Mylans New Zealand unit boosts profit by two thirds as sales growth outpaces costs Read more »

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June 18 (BusinessDesk) Elders, the ASX-listed agribusiness company, has rejected an offer from Ruralco Holdings for its rural services business, which includes a half stake in New Zealands Elders Rural Holdings. Read more »

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June 18 (BusinessDesk) – Goodyear & Dunlop Tyres (NZ), the local unit of the biggest US tyre maker, posted a third annual loss last year and its accounts were tagged by the auditors as its future viability becomes increasingly reliant on its … Read more »

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June 18 (BusinessDesk) – Liz MacPherson, a deputy chief at the Ministry of Business, Innovation & Employment, has been named as the next government statistician. Read more »

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June 18 (BusinessDesk) New Zealand Energy Corp has recut its troubled deal with Origin Energy for a range of onshore Taranaki oil and gas assets, cutting the purchase price by C$9 million to C$33.5 million, dropping one licence area, and assuming management … Read more »

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June 18 (BusinessDesk) The New Zealand dollar declined in volatile trading as improving US economic data before this weeks Federal Reserve meeting spurred some investors to increase their bets that the central bank may start to reduce stimulus … Read more »

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June 18 (BusinessDesk) Wall Street advanced, though gave up some of its earlier gains, following a Financial Times report that US Federal Reserve Chairman Ben Bernanke will signal the central bank is close to easing its US$85 billion-a-month bond-buying … Read more »

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June 17 (BusinessDesk) New Zealand shares rose for second day after the NZX 50 Indexs slide from its mid-May record high gave investors confidence there were pockets of value emerging in a relatively expensive market. Michael Hill International … Read more »

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June 17 (BusinessDesk) – The New Zealand dollar extended its gain against the greenback from the tail-end of last week ahead of data which will likely augur well for the local economy and as the US Federal Reserve prepares to review monetary policy. Read more »

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June 17 (BusinessDesk) The New Zealand dollar may advance this week as signs of an improving local economy boost demand for the local currency while a continuation of economic stimulus in the US debases the greenback. Read more »

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June 17 (BusinessDesk) – Optimizer HQ, the Auckland-based tech company, raised $4 million from eligible investors as it mulls joining the local stock exchange after two less than successful listings overseas. Read more »

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June 17 (BusinessDesk) – Fonterra Cooperative Group, the worlds biggest dairy exporter, will spend $30 million beefing up its dry distribution centre in Taranaki as it clamps down on freight costs. Read more »

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June 17 (BusinessDesk) – Tony Timpson, who helped found whats now the listed carpet maker Cavalier Corp, has died at the age of 80. Read more »

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June 17 (BusinessDesk) New Zealands services sector edged up in May to its highest level for the month in six years, reflecting widespread expansion and stoking optimism the economy may be picking up pace. Read more »

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June 17 (BusinessDesk) The Opposition parties inquiry into manufacturing has found major fissures in the sector, with traditional agricultural producers pitted against new, high value industries, and industries focused on the local market … Read more »

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June 17 (BusinessDesk) – MediaWorks NZs stable of lenders are in the box seat to take control of the heavily indebted broadcaster, appointing receivers and embarking on a plan that will leave Australian private equity owner Ironbridge Capital out … Read more »

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NZ consumer confidence jumps to highest in three years in June on better economic prospects Read more »

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June 17 (BusinessDesk) – MediaWorks NZ, the broadcaster whose stable includes TV3 and Four, and radio stations including Radio Live, the Rock and MoreFM, is well advanced with plans for new ownership after being placed in receivership this … Read more »

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June 17 (BusinessDesk) – MediaWorks New Zealand, the broadcaster whose stable includes TV3 and Four, and radio stations including Radio Live, the Rock and MoreFM, is expected to be put into receivership today after a planned recapitalisation failed to win … Read more »