he New Zealand dollar may extend its decline against its trans-Tasman counterpart as Australia’s currency rallies on rising commodity prices and the prospect of a stronger Chinese economy. The kiwi fell to 79.17 Australian cents at 5pm in Wellington from 79.35 cents on Friday in New York. It traded at 82.94 US cents from 83.02 cents at 8am and 83.13 …

New Zealand’s ministers and officials have been given a new set of rules outlining how they can talk about listed companies as the government gets ready to kick off its partial privatisation programme this year. Public service bosses, government ministers and their staff, and state sector spin doctors and legal teams have been told they need to treat information about …

Trading on the NZX’s cash markets jumped by a quarter in December, led by a surge in turnover of stocks as the NZX 50 Index rounded out its best year since 2004. Total trades rose 24.3 percent to 78,408 last month from a year earlier, while the value of trading soared 61 percent to $3.6 billion. Equity transactions climbed 27 …

The New Zealand dollar was little changed above 83 US cents as the US debt ceiling remains in focus and with little local data to drive the currency forward. The New Zealand dollar traded at 83.08 US cents from 83.18 cents in New York on Friday. The trade-weighted index eased to 74.88 from 74.99. On Saturday, US President Barack Obama …

Fletcher Building, the country’s biggest listed company, sold its CSP Coating galvanised steel unit to Hamilton-based Perry Group as it looks to replace some of its treated metal products with imports. cigars for sale online Perry Metal Protection, a subsidiary of the family-owned group, has lodged an application with the Commerce Commission to buy the Fletcher unit for an undisclosed …

The New Zealand dollar fell below 83 US cents after minutes of the US Federal Reserve’s last policy meeting showed several members favoured an end to quantitative easing this year, earlier than the Fed’s stated timeline of 2015. The kiwi dollar dropped to 82.89 US cents from 83.21 cents at 5pm in Wellington yesterday. The trade-weighted index was at 74.71 …

 Wall Street held onto yesterday’s gains sparked by the US budget deal, but was cautious about extending the rally as attention turned to the next political hot potato overhanging financial markets — the nation’s debt ceiling. Treasury Secretary Timothy Geithner plans to leave the administration at the end of January, even if President Barack Obama and congressional Republicans haven’t reached …

w Zealand shares rose on the first trading day of 2013, following gains on Wall Street, as investors drove up companies that have featured on broker lists for 2013, such as PGG Wrightson and Ryman Healthcare. The NZX 50 Index rose 15.85 points, or 0.4 percent, to 4082.36. Within the index, 33 stocks rose, eight fell and nine were unchanged. …

Guinness Peat Group, the investment firm liquidating its asset portfolio, has realised some 18.7 million pounds in the latest grab-bag of asset sales. The firm, founded by Ron Brierley, reaped 8.8 million pounds from the sale of wholly-owned subsidiary Gosford Quarry Holdings and will keep the unit’s Sydney property, which has redevelopment potential, for a later disposal, the company said …

Pyne Gould Corp managing director George Kerr has found a buyer for its Perpetual wealth management businesses and will throw in the firm’s stake in Australian research and management firm van Eyk Research. smoke shop online Under the terms of the deal, van Eyk will acquire Perpetual Portfolio Management, Perpetual Asset Management and Perpetual Trust to create a wealth manager …