Topics

Wall Street seems destined to push to fresh highs again this week as investors continue to bet on both an improving economic outlook and a solid commitment from the US Federal Reserve to counter any weakness. On Friday, the Dow Jones industrial average rose 0.80 percent to close at a record 15,354.40, while the Standard & Poor’s 500 Index added …

Nuplex Industries cut the range for its full-year earnings guidance by about $11 million, saying Australia’s manufacturing slump has dented demand for its resins, specialty chemicals and plastic additive products. The shares dropped about 9 percent. Earnings before interest, tax, depreciation and amortisation are expected to be in the range of $124 million to $129 million in the year ending …

The ambitious growth strategy that has imperilled Solid Energy was developed on a far more optimistic outlook for oil and coal prices than its industry peers, but it had no analysis to back those views, Treasury papers released today under the Official Information Act show. The plans, which included converting low grade Southland coal to fertiliser and diesel, first appeared …

Summerset Group shareholder Quadrant Private Equity is selling down its 37.2 percent stake in the retirement village operator, taking advantage of the stock’s 34 percent advance this year. QPE Funds Management, the Quadrant unit that holds the shares, “is in the process of selling part of its shareholding,” Summerset said in a statement. QPE has asked Summerset to seek a …

By Brierley Penn It is difficult to believe that we have been in D.C. for just 48 hours with the amount that has been packed in since our arrival. Last night, following a day spent recovering from jet lag and exploring the sights of the city, we were hosted at the US Institute of Peace for the Forum’s opening ceremony. …

After brief detours in Samoa, Hawaii and Los Angeles, we’re finally here in DC. Flying on the Airforce Boeing was certainly an experience – amazing food and so much room, the VHS based entertainment system was an interesting touch though. Keen as ever, we hadn’t been in DC for two hours and a strong group from the younger contingent were …

Six USTRs (United States Trade Representatives) shared their Olympian insights into the intricacies of global trade at the Pacific Partnership forum in Washington this week. The big talking points were the opportunities and realities of the TPP negotiations, the US EU international trade and investment agreement, and the WTO. The Trans Pacific Partnership agreement – with a due completion date …

newzealandinc.com brings you all of the best from the social media space at the US-NZ Pacific Partnership Forum taking place in Washington D.C. Former President of the World Bank Robert Zoellick #USNZnext “developing countries hold 70% of worlds resources ” twitter.com/tobyjordan19/s… — Toby Jordan (@tobyjordan19) May 20, 2013 Bob Zoellick former head World Bank says China needs to make structural …

WHAT: 2013 US-NZ Pacific Partnership Form, a global gathering of 275+ game-changing thought leaders from business, government and non-profits, showcasing examples of what’s next for US-NZ relations and in the Asia-Pacific region. WHO: William J. Burns, US Deputy Secretary of State Robert Hormats, US Under Secretary of State for Economic Growth, Energy and the Environment Alan Bersin, US Assistant Secretary …

The night belonged to Xero and Vend at the NZ Hi-Tech Gala Award dinner in Auckland last night with each collecting two awards and Xero winning the coveted Hi-Tech Company of the Year award. The dinner was attended by over 700 guests at SKYCITY. Xero took out top honours, winning the PwC Company of the Year category as well as …