The New Zealand dollar rose during the local trading day as market-watchers across Asia waited for a crucial Japanese monetary policy decision. That decision came just after 5pm and saw the Bank of Japan announce a doubling in the country’s inflation target to 2 percent and adoption of a US Federal Reserve-style quantitative easing programme of bond-buying. Bloomberg reported the …

The Serious Fraud Office (SFO) has walked away from an investigation of Hawkins Construction while claiming there were some “unusual” aspects to contracts in a project for state-owned Transpower. The urgent investigation is now closed with no charges being laid. The SFO raided two offices New Zealand’s largest construction company last year in an investigation of Hawkins’ work on the …

nvestment returns from the New Zealand Superannuation Fund, the country’s main savings vehicle to fund public pension entitlements, came in at 19.17 percent in the 12 months to Dec. 31, the fund’s guardians report. penis growth The monthly update shows the Fund finished the year at a record high value of $20.92 billion, up from $17.73 billion at the end …