The New Zealand dollar rose during the local trading day as market-watchers across Asia waited for a crucial Japanese monetary policy decision. That decision came just after 5pm and saw the Bank of Japan announce a doubling in the country’s inflation target to 2 percent and adoption of a US Federal Reserve-style quantitative easing programme of bond-buying. Bloomberg reported the …

The Serious Fraud Office (SFO) has walked away from an investigation of Hawkins Construction while claiming there were some “unusual” aspects to contracts in a project for state-owned Transpower. The urgent investigation is now closed with no charges being laid. The SFO raided two offices New Zealand’s largest construction company last year in an investigation of Hawkins’ work on the …

nvestment returns from the New Zealand Superannuation Fund, the country’s main savings vehicle to fund public pension entitlements, came in at 19.17 percent in the 12 months to Dec. 31, the fund’s guardians report. penis growth The monthly update shows the Fund finished the year at a record high value of $20.92 billion, up from $17.73 billion at the end …

The New Zealand dollar was trading in a narrow range as traders waited for direction on Japanese monetary police and for US markets to gear up again after the Martin Luther King holiday. The kiwi was at 83.63 US cents at 8am on Tuesday, little changed from 83.60 cents at 5pm on Monday. The currency traded in a relatively narrow …

Equities in Europe advanced as Germany’s central bank said the nation’s economy is showing signs of recovery in the first quarter of the year. “The largely stable labour market and a better outlook for output suggest that the economic weakness won’t last all that long,” according to the Bundesbank in its monthly report released today. The bank forecasts the economy …

Prime Minister John Key welcomed Nick Smith back into the Cabinet in a reshuffle in which he has also sacked the Labour and Conservation Minister, Kate Wilkinson, and Energy and Housing Minister Phil Heatley. diy solar panels He also relieved Associate Education Minister Craig Foss of his responsibility for the Novopay system for paying teachers, putting that in the hands …

New Zealand stocks regained their positive tone today, with gentle rises across the board in light trading, affected by Wellington Anniversary Day and subdued global markets owing to the Martin Luther King long weekend in the US. The NZX 50 Index rose 21 points, or 0.5 percent, to 4185.18. Within the index, 31 stocks rose, 11 stocks fell, and eight …

The government has recruited Navman founder Sir Peter Maire and Wynyard Group chief executive Craig Richardson to the board of its new high tech “one-stop-shop”, and put a woman in charge. New Zealand Trade and Enterprise director Robin Hapi and Professor Peter Hunter from Auckland University are also new appointments to the board of Callaghan Innovation ahead of its opening …

DNZ Property Fund has increased the occupancy rate in its portfolio of 47 buildings to 99.2 percent. The owner of one of New Zealand’s largest portfolios of investment property said 37 transactions during the three months ended December had greatly reduced its lease expiry risk going forward. The occupancy rate of 99.2 percent as at December 31, 2012 was up …

New Zealand dollar trading got off to a slow start on Monday due to the regional holiday in Wellington and Martin Luther King holiday weekend in the US. The kiwi was at 83.69 US cents at 8am, little changed from 83.54 cents at 5pm on Friday. It fell on Friday after weaker-than-expected December quarter consumers price index data implied interest …