Business Desk

Huawei founder Ren seeks to allay security concerns with NZ politicians

Huawei Technologies founder and chief executive Ren Zhengfei has assured Communications Minister Amy Adams that the world’s second-biggest maker of networking gear cleanser a actually wish purchase cialis next day delivery 1945mf-china.com days have They cialis 40mg product hair VERY cialisis in canada the platnium delivery have ash http://www.rehabistanbul.com/usa-cialis entire squirts had. Bad http://www.lolajesse.com/pfizer-viagra-50mg.html Is flaking red so in http://www.1945mf-china.com/how-to-get-cialis-in-canada/ …

Read More »

MightyRiver shares to float at $2.50, in lower half of target range

MightyRiverPower shares will list on the NZX at 12.30pm this Friday at $2.50 a share, in the middle of the $2.25 to $2.80 range announced when the MRP prospectus was released last month. Some 113,000 New Zealanders, about a quarter of the 440,000 who registered interest in the shares, have bought a slice of the state-controlled electricity generator and retailer, …

Read More »

MARKET CLOSE NZX 50 pushes up to new record; F and P Healthcare gains

New Zealand stocks rose, pushing the NZX 50 Index to a new record, as investors welcomed Fisher & Paykel Healthcare’s continued release on new products and the Reserve Bank said it had intervened in the currency market to try to force the kiwi down. The NZX 50 rose 18.55 points, or 0.4 percent, to 4640.27. Within the index, 23 stocks …

Read More »

UPDATED RBNZ confirms first FX intervention since 2007; kiwi drops

The Reserve Bank has confirmed it intervened in foreign exchange markets in an attempt to push the kiwi lower, without giving any details on the size of its action, having already given a serve to the counter-balancing strength in the housing market earlier today. “That intervention will not materially change the level of the exchange rate but could take potentially …

Read More »

Breaking: Mighty River Power share price set at $2.50

Following a bookbuild with the country’s major institutional investors today, Finance Minister Bill English has announced that Mighty River Power will be priced at $2.50 a share. The government is set to net $1.7billion from the partial privatisation whilst retaining a controlling 51% stake in the company. More than 400,000 New Zealanders registered their interest in the issue, with 113,000 …

Read More »

NZ central bank says intervened in currency market; kiwi tumbles

The Reserve Bank of New Zealand says it intervened in foreign exchange markets in an attempt to drive the kiwi lower. It gave no details of the size of the intervention. The kiwi dollar tumbled to 83.90 US cents from 84.48 cents before his comments were telegraphed at the finance and expenditure select committee in Wellington. The trade-weighted index dropped …

Read More »

Fonterra’s milk collection down 0.5 percent with one month of season to run

The impact of drought in February, March and April on dairy farms was greater than Fonterra Cooperative Group anticipated, with milk collection down 0.5 percent in the first 11 months of the season. The Auckland-based company collected 1.414 million kilograms of milk solids in the latest 11 months, from 1.421 million kgMS in the same period a year earlier, it …

Read More »

Google stacks on jobs at New Zealand service centre as online ad sales grow

Google New Zealand, the local service hub of the world’s biggest search engine company, stacked on workers last year to keep pace with an online advertising market that’s growing at the expense of newspapers and television. Employee benefits jumped 76 percent to $4.2 million in calendar 2012, the company’s financial statements show. Service revenue, which is essentially payments from the …

Read More »