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The New Zealand and Australian governments should settle once and for all the long-running argument over the tax treatment of imputation credits, which currently penalises trans-Tasman investors, says a new report from the two country’s productivity commissions. write college essays for money The commissions suggest such a move could cost Australia as much as $1 billion a year in lost …

New Zealand’s manufacturing is “muddling” along as activity contracted last month in anticipation of a pick-up next year when Canterbury’s reconstruction effort gathers pace. The Bank of New Zealand-Business New Zealand performance of manufacturing index fell 1.5 points to 48.8 in November, where a reading below 50 indicates a contraction of activity, and a figure above 50 implies expansion. The …

Infratil manager HRL Morrison & Co, chief investment officer Lib Petagna and trusts associated with the Morrison family have sold 10 million shares in the Wellington-based infrastructure investor to institutional and high net worth investors. Morrison & Co and the Morrison family didn’t disclose what price they sold at, but Petagna sold 1 million shares for $2.25 million, or $2.25 …

The New Zealand dollar rose to a new 9-month high after the Federal Reserve extended its quantitative easing programme and tied the end of record low interest rates to a targeted drop in unemployment. The kiwi dollar rose to 84.51 US cents from 83.90 cents at 5pm yesterday, the highest since it reached 84.71 cents on Feb. 29. The trade-weighted …

Wall Street advanced after Federal Reserve policy makers said they are extending and expanding their efforts to stimulate growth in the world’s largest economy. “The Committee remains concerned that, without sufficient policy accommodation, economic growth might not be strong enough to generate sustained improvement in labour market conditions,” according to a Fed statement following a two-day meeting of policy makers. “Furthermore, …

Wall Street advanced after Federal Reserve policy makers said they are extending and expanding their efforts to stimulate growth in the world’s largest economy. “The Committee remains concerned that, without sufficient policy accommodation, economic growth might not be strong enough to generate sustained improvement in labour market conditions,” according to a Fed statement following a two-day meeting of policy makers. …

The $20 billion New Zealand Superannuation Fund has excluded three Israeli companies from its portfolio on ethical grounds because of their involvement in illegal settlements and the security wall. The fund’s investments in the firms were insubstantial. Some $9,744 was held in Africa Israel and its subsidiary Danya Cebus, which had been involved in building Israeli settlements in the Occupied …

The New Zealand dollar rose to a nine-month high as it looks to break 84 US cents with the US Federal Reserve set to review monetary policy amid expectations it will roll out the printing presses for a fourth time. The kiwi traded at 83.89 US cents at 5pm in Wellington from 83.83 cents at 8.30am and up 83.43 cents …

Port of Tauranga, the country’s biggest export port, will spend $34 million on Mount Maunganui-based log marshalling and scaling business Quality Marshalling. The deal will take effect from February next year and immediately add to the port’s earnings, the company said in a statement. Quality Marshalling had revenue of $18 million in the 2012 year, and is privately owned by …

New Zealand guest nights rose in October, led by an increase in short-term stays by overseas visitors. essays writing service Total guest nights at short-term commercial accommodation rose 4.1 percent in October from September to 2.6 million, seasonally adjusted, according to Statistics New Zealand. Guest nights rose 3.3 percent from the same month of 2011. International visitor nights rose 10.3 …