New Zealand shares rose in subdued January trading, led by Metlifecare, Telecom and PGG Wrightson as investors were drawn to the yields available on equities in the face of low interest rates. The NZX 50 Index rose 5.52 points, or 0.1 percent, to 4090.36. Within the index, 13 stocks rose, 25 fell and 12 were unchanged. Turnover was $82.8 million. …

  New Zealand’s only oil refinery, at Marsden Point, is too vulnerable to the risks of a major fire or destruction from a tsunami, says Air New Zealand in a submission on a government review of the country’s transport fuel security arrangements. custom essays The national carrier also suggests the country should abandon its $10 million a year membership of …

  The University of Canterbury has partnered with ASX-listed Navitas as part of its strategy to double the percentage of foreign students enrolled to study. buy a essay No financial details of the five-year agreement were provided. Perth-based Navitas and the university will establish a new entity called UC International College, to recruit and prepare international students for study at …

Goodman Property Trust, the second-biggest property investor on the NZX, has scaled its unit purchase plan after oversubscriptions top out. The Auckland-based property investor has scaled applications to 77.95 percent after receiving$38.5 million of bids in the offer to unitholders, some $8.5 million above its limit, the company said in a statement. The UPP was seeking to raise $20 million …

Woolworths New Zealand, which accounts for about 40 percent of the country’s supermarket sales, boosted its annual profit 29 percent as it squeezed more out of increasing revenue. Net profit rose to $128.9 million in the 12 months ended June 24, from $99.8 million a year earlier, according to financial statements lodged with the Companies Office. Revenue grew 3.5 percent …

Brookfield Multiplex, the Australian firm whose New Zealand developments included the Sylvia Park Shopping Centre and the Pegasus Town development, says a lack of new projects in a tough market drove the decision to liquidate its local unit. Brookfield Multiplex Constructions (NZ) appointed liquidators on Dec. 4 though it had largely ceased operating in 2011, when it made most of …

writing services Qantas Airways, Australia’s dominant airline, has ring-fenced $10.3 million of tax losses to cover any penalties in its disputed tax case with the Inland Revenue Department over interest deductions claimed on convertible notes. The airline’s New Zealand subsidiary Jetconnect, which manages the group’s trans-Tasman passenger schedule, elected to use “tax losses within the Qantas Group against the shortfall …

The New Zealand dollar rose against the greenback, even as US stocks fell, in what may be a run of safe-haven buying that’s also lifted the Australian dollar. The kiwi rose to 83.55 US cents from 82.94 cents at 5pm in Wellington yesterday. The trade-weighted index climbed to 75.19 from 74.82. Stocks on Wall Street fell ahead of the US …

Wall Street retreated, pushing the Standard & Poor’s 500 Index from its five-year high, as investors gear up for the fourth-quarter earnings season. Profits at S&P 500 companies increased an average 2.9 percent in the fourth quarter, according to data compiled by Bloomberg. Excluding financial companies, earnings rose 0.5 percent. Alcoa is the first company to report after the market …

New Zealand shares rose, pushing the NZX 50 Index to a new five-year high as investors cheered Ryman Healthcare’s performance by pushing the retirement village operator to a record close. Rival Metlifecare also advanced. The NZX 50 rose 9.803 points, or 0.2 percent, to 4084.84, the highest since December 2007. Within the index, 28 stocks rose, 10 fell and 12 …