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NZ Dollar Outlook Kiwi may fall this week on downside risks to global data

The New Zealand dollar may fall this week on the risk that manufacturing figures from China and US payrolls will add to signs of global weakness and traders await decisions from the Federal Reserve and European Central Bank. The kiwi dollar recently traded at 84.97 US cents, from 84.75 cents on Friday in New York. It reached as high as …

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Vector cleared to buy Contact Energy’s gas metering business for $63M

Vector has won regulatory clearance to acquire Contact Energy’s gas metering business for $63 million in a deal that merges the two largest suppliers of metering services on the North Island’s reticulated natural gas distribution network. “Based on the information and evidence provided by the parties and our own investigation and analysis, it appears that there is limited competition between …

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Telecom buys local data centre firm Revera for $96.5 mln

Telecom Corp, the country’s biggest telecommunications company, has bought local data centre firm Revera for $96.5 million as it looks to get greater coverage in the cloud and build IT services. The Auckland-based company will pay for Revera through its existing cash and borrowing lines, with the transaction expected to settle in May, it said in a statement. Revera reported …

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World Week Ahead Eyes on ECB, Fed

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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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