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The New Zealand dollar extended its decline against its trans-Tasman counterpart after faster-than-expected second-quarter growth in Australia dulled expectations that country’s Reserve Bank will have to cut interest rates further. The kiwi fell to 85.81 Australian cents at 5pm in Wellington from 86.11 cents immediately before the gross domestic product figures were released, and down from 86.63 cents yesterday. The …

The government plans to begin its auction of fourth generation mobile broadband radio spectrum on Oct. 29 and will be seeking a minimum of $198 million for the rights, which are expected to be fought over by Telecom, Vodafone, and 2degrees. However, potential operators who have yet to build their own mobile network will also be able to bid. The …

State-owned broadcaster Television New Zealand is still ironing out the details of its dividend relief with its shareholding ministers, which will be linked to the cost of upgrading its Victoria St West building and won’t go beyond 2016. The Auckland-based broadcaster today announced the sale of two plots of prime Auckland real estate to SkyCity Entertainment Group for $10.6 million, …

A2 Corp managing director Geoffrey Babidge and director David Mair have taken of a 38 percent surge in the share price of the dairy marketing company to trim their holdings. Babidge’s GHB Investment Trust sold 4 million shares, leaving it with 6 million, the Sydney-based company said in a statement. Mair’s DM2 Investment Trust sold 2 million shares, leaving it …

Auckland house prices have stabilised following a rapid increase in the first quarter of this year, as more properties are listed, according to Barfoot & Thompson, the city’s biggest realtor. The average sale price slipped 1 percent to $647,647 in August from July and is 0.4 percent lower than June, the firm said. The median price in August fell 4 …

free gps cell phone tracker laremont McKenna College professor Minxin Pei on former Chongqing Party chief Bo Xilai?s corruption trial and the fragility of Beijing?s rule with WSJ’s Mary Kissel. &nbsp

New Zealand dairy products ranging from milk powder to mozzarella cheese are being held on the wharves at Chinese ports as officials debate what form of additional testing should be applied following Fonterra Cooperative Group’s whey protein scare. free spy apps for iphone The Ministry of Primary Industries in Wellington confirmed to BusinessDesk late last week that exporters other than …

cell phone spy free p id=”yui_3_7_2_1_1377459141818_2879″>Fonterra Cooperative Group says it has suspended its consumer operations in Sri Lanka, where sales of its products have been temporarily banned from sale, because of nationalist protests outside its local offices. The company”s Sri Lanka business is currently prevented by a court order from selling, advertising or making public statement with customers or consumers, …

David Ross, the Ponzi-accused former manager of Ross Asset Management, appeared in the District Court in Wellington this morning for substantive hearings on eight Crimes and Financial Advisers Act charges. He was remanded until Aug. 29. All aspects of today’s hearing were supressed. Ross faces charges relating to $384.8 million of assets recorded in the accounts of a Ross vehicle, …

Port of Tauranga, the country’s biggest export port, has reported a record profit bang on expectations as it readies a dredging project to prepare for larger ships. Net profit of $112.1 million in the year ended June 30 was up 52 percent on the previous year and in line with First NZ Capital’s expectation of $112.9 million. After a $38.2 …