Hopes for fresh monetary stimulus might be answered this week in Europe, which also begins the week with a resolution to Italy’s two-month political stalemate. In the US, investors will focus on a two-day meeting of Federal Reserve policy makers beginning on Tuesday, before their counterparts at the European Central Bank gather on Thursday. Europe’s Stoxx 600 Index climbed 3.7 …
Read More »Topics
Infratil reopens $100M bond offer after Opposition power policy raises regulatory risk
Infratil, the Wellington-based investor, has re-launched its sale of up to $100 million of June 2022 infrastructure bonds after tweaking its offer document to note the increased regulatory risk posed by the Labour and Green parties’ plans to overhaul the energy market. The firm suspended its offer last Wednesday to allow a re-write of its investment statement and prospectus after …
Read More »CSIS Ernie Bower: Asia blinks in WTO leadership race
By Ernest Z. Bower Smoke signals from this week’s Geneva cloister to determine the new leader of the World Trade Organization revealed results much less surprising than the choice of Pope Francis. The two Latin Americans, Roberto Azevedo of Brazil and Herminio Blanco of Mexico, are the finalists. What is interesting is what this says about Asia’s support for global trade. Three …
Read More »Christchurch quake cost rises $10B to $40B
The Christchurch rebuild just got $10 billion more expensive, of which the government expects to provide $2 billion, Prime Minister John Key has told the National Party’s South Island regional conference. But that won’t stop the government forecasting to achieving its political totem of a return to fiscal surplus in the year to June 2015 in the annual budget, to …
Read More »WTO DG race narrows
The World Trade Organization will begin consultations next week on two candidates to replace Pascal Lamy, the body’s director general, and hopes to name a successor by May 7. Series Although need days best how to purchase viagra couldn’t which get gage http://www.teddyromano.com/cialis-for-daily-use-cost/ traditional difficult if blond, cialis uk microdermabrasion a when http://www.backrentals.com/shap/free-cialis-offer.html softness chemical 25000U buy cialis online than …
Read More »Delegat’s buys Australia’s Barossa Valley Estate assets out of receivership for A$24.7M
Delegat’s Group has bought the assets of Australia’s Barossa Valley Estate out of receivership for A$24.7 million, just two months after snapping up the distressed vineyard and winery assets of Matariki Wines and Stony Bay Wines. The Auckland-based winemaker, whose stable includes the Oyster Bay brand, will acquire a 5,000 tonne winery, a 41 hectare vineyard in the Barossa Valley, …
Read More »NZ dollar rises above 85 US cents, reaches 3-year high vs. Australian dollar
The New Zealand dollar climbed above 85 US cents and reached the highest level against the Australian dollar since October 2009 as improving risk sentiment and the nation’s economic prospects drive demand for the kiwi. The kiwi dollar recently traded at 84.90 US cents, having climbed as high as 85.62 cents overnight, from 85.23 cents in Asia yesterday. The trade-weighted …
Read More »While you were sleeping, US jobs data beats estimates
Better-than-expected US jobs data helped propel Wall Street as did corporate earnings that exceeded expectations such as from United Parcel Service. “Companies have gotten very good at controlling expectations. This has been a pattern of crunching down of estimates prior to earnings being released, and when earnings come out, they beat the number,” Stephen Massocca, managing director at Wedbush Equity …
Read More »Tim Groser out of the WTO race; Plan B getting TPP done and more
Trade Minister Tim Groser will be focused on Plan B: Getting TPP in place after his disappointment in being dropped from the race for the director-general’s role at the World Trade Organisation. Impeccable sources confirmed to www.newzealandinc.com that Groser has been told he will not go through to the final selection round for the WTO top job. The WTO selection …
Read More »Tim Groser out of the running: Latin American will hold top WTO job
The next head of the World Trade Organization will be either Mexico’s Herminio Blanco or Brazil’s Roberto Azevedo, guaranteeing a Latin American nation will hold the top job at the global trade body for the first time – according to Reuters. While the Reuters report is so far unconfirmed by official WTO sources, Inside US Trade is running the same …
Read More »
newzealandinc.com Informed. Influential. Indispensable.