e New Zealand dollar, which soared along with stocks on Wall Street and in Europe on the US fiscal cliff deal, gave up some of its gains as traders sold the currency as it neared 84 US cents. The kiwi dollar recently traded at 83.16 US cents from 83.73 cents in Asian trading yesterday, having reached as high as 83.92 …

The price of dairy products rose 2 percent in the first GlobalDairyTrade auction of 2013, recovering losses through the tail-end of last year. spyware for iphone 4 The average winning trade-weighted price increased to US$3,357 per metric tonne from US$3,311/tonne at the Dec. 19 sale. The gains were led by a 4.7 percent boost in skim milk prices to US$3,572 …

New Zealand shares fell on the last trading day of the year, though not enough to prevent 2012 being the best for the NZX 50 Index since 2004, with the strongest gains coming from growth stocks and companies making comebacks. The NZX 50 fell 14.389 points, or 0.4 percent, to 4066.513 and has advanced almost 25 percent in 2012, just …

NZX boss Tim Bennett featured in the final NZX stock filing for 2012, an announcement that he has acquired 1.58 million shares in the bourse operator from his long-term incentive scheme. The stock exchange’s chief executive acquired the $1.87 million stake, which amounts to 0.6 percent of the company’s shares on issue, as part of his incentive scheme, according to …

The New Zealand dollar rose as traders squared up their year-end positions as negotiations in the US to stave off legislated tax hikes and spending cuts that automatically kick in on Jan. 1 remain unresolved. That kiwi is heading for a 5.8 percent annual gain on its relative yield advantage. The kiwi rose to 82.33 US cents at 1.30pm in …

Fairfax Media Group will face another raid by activist shareholder and iron ore magnate Gina Rinehart after she enlisted Macquarie Radio Network’s John Singleton in her bid to exert control over the publisher of the Dominion Post, Sydney Morning Herald and Australian Financial Review. Rinehart’s Hancock Prospecting and Singleton’s Gutenberg Investments have pooled their Fairfax shareholding to hold 15.4 percent …

The New Zealand dollar was little changed against the greenback as traders awaited developments on US budget talks, with the fiscal cliff deadline now just two days away. The kiwi dollar traded at 81.94 US cents from 81.93 cents in New York on Friday. The trade-weighted index was at 73.53 from 73.55. President Barack Obama told NBC’s Meet the Press …

The New Zealand dollar gained in local trading on optimism US politicians will be able to set aside partisan differences and cut a deal on the US$600 billion in Federal tax increases and spending reductions with a vote set for Sunday. The kiwi rose to 82.11 US cents at 5pm in Wellington from 81.83 cents at 8.30am and 81.89 cents …

Fairfax Media, which publishes the Dominion Post, Press and Sunday Star Times newspapers, slashed the value of its New Zealand mastheads by more than 80 percent in a group-wide writedown of its traditional publishing assets. write my essay cheap The New Zealand holding company, Fairfax New Zealand Holdings, valued its local newspaper titles at $175.2 million as at June 30, …

atson, a NYSE-listed shipping company servicing the northern Pacific, has agreed to buy Reef Shipping from its receivers to extend its reach into the South Pacific. No price was disclosed for the deal in a statement from the Honolulu-based company. Matson will acquire four vessels and about 1,500 pieces of container equipment from Auckland-based Reef Shipping, which was placed in …