Recent Posts

NZ Dollar Outlook: Kiwi may decline on weaker local data, more bullish Fed

The New Zealand dollar may decline this week, weighed down by weaker local data and a more positive view of the greenback. The kiwi will probably trade between 79.60 US cents and 83.40 cents this week, according to a BusinessDesk survey of 10 currency traders and strategists. Five pick the local currency to decline, three say it will probably remain relatively …

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Infratil shares gain on Australian energy sale, manager books $44 million fee

Infratil shares rose to the highest in more than six years on the prospect of a capital return after the A$605 million sale of its Australian energy operations, which will generate a $44 million fee for manager HRL Morrison and Co. The Wellington-based company sold Lumo Energy and Direct Connect Australia after reviewing its ownership of the assets in May, …

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Trade Me to buy credit card processor Paystation for undisclosed sum

Trade Me Group, New Zealand’s biggest internet auction site, has bought Wellington-based online credit card payments firm Paystation for an undisclosed sum. The acquisition is expected to be completed by the end of the month, and included two related firms, web developer Face and server hosting unit Netspace Services, Wellington-based Trade Me said in a statement. The purchase price was confidential, but …

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