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The New Zealand dollar fell as global risk sentiment abated and ahead of figures expected to show the economy slowed in the third quarter. The kiwi dollar fell to 83.62 US cents from 83.91 cents at 5pm in Wellington yesterday. The trade-weighted index fell to 74.56 from 74.75. Gross domestic product probably rose 0.4 percent in the three months ended …

The New Zealand dollar fell below 84 US cents as investors flocked the euro and Swiss franc after Standard & Poor’s upgraded its Greek credit rating and as optimism was stoked on the prospect US legislators will cut a deal on the fiscal cliff. The kiwi fell to 83.88 US cents at 5pm in Wellington from 84.15 cents at 8.30am …

anada’s Public Sector Pension Investment Board is looking to capitalise on favourable growing conditions and access to Asian markets having taken a 30 percent stake in the central North Island’s Kaingaroa forestry estate. The Canadian fund sees the 178,000 hectare Kaingaroa estate as an “attractive asset” that has been “very successfully” managed by Timberlands for many years, spokesman Mark Boutet …

New Zealand’s annual current account deficit narrowed as expected in the third quarter, driven by a decline in the trade surplus and as overseas investors earned less from their local investments. The current account gap was $9.89 billion in the year ended Sept. 30, from a deficit of $10.09 billion three months earlier, according to Statistics New Zealand. An annual …

Energy Mad, which raised $5 million in an initial public offering last year to kick start sales of its energy-efficient light bulbs, said annual earnings will be at the lower end of guidance after delays slowed sales in Australia and the US. It got a $1 million injection from SuperLife Investments. Last month the Christchurch-based company cut its 2013 annual …

SkyCity Entertainment Group said it will spend more than A$300 million redeveloping its Adelaide Casino after concluding 2 ½ years of negotiations with the state government over the size of the operation, exclusivity and taxes. write my essay Key terms of the agreement include an extension of the company’s exclusivity in the state for table games, automated table games and …

OceanaGold, which operates the Macraes gold mine near Dunedin, sees gold production climbing by as much as 44 percent in 2013 and at a much cheaper production cost as its Didipio mine in the Philippines kicks off. The Melbourne-based company sees gold production of between 285,000 ounces and 325 ounces at a cash cost of between US$650 per ounce and …

OceanaGold, which operates the Macraes gold mine near Dunedin, sees gold production climbing by as much as 44 percent in 2013 and at a much cheaper production cost as its Didipio mine in the Philippines kicks off. The Melbourne-based company sees gold production of between 285,000 ounces and 325 ounces at a cash cost of between US$650 per ounce and …

The New Zealand dollar fell against the euro as the common currency climbed against most of its trading peers after Standard & Poor’s upgraded Greece and Spain managed to sell all the debt it targeted in its last auction of the year. The kiwi dollar fell to 63.62 euro cents from 64.07 cents at 5pm yesterday in Wellington. The local currency …

 Wall Street climbed amid signs that budget talks between US Democrats and Republicans are finally progressing, raising optimism an agreement to avoid the so-called fiscal cliff will be reached by the year-end deadline. President Barack Obama is said to have offered House Speaker John Boehner a lower target for new tax revenue. The two met at the White House yesterday. …