Topics

The New Zealand dollar rose above 84 US cents after the Reserve Bank of Australia kept its benchmark interest rate at 3 percent as the nation’s spending picks up from a lull, and said it has scope to cut it need be. The kiwi rose to 84.03 US cents at 5pm in Wellington from 83.75 cents at 8am and 83.52 …

The Reserve Bank of Australia kept its cash rate unchanged at 3 percent as expected and repeated its view that there is scope to ease policy if necessary to support demand. Today’s statement contains almost identical language to the March 6 statement. “Inflation is consistent with the medium-term target, with both headline CPI and underlying measures at around 2¼ per …

Two Degrees Mobile chairman Stewart Sherriff will act as the mobile phone company’s interim chief executive after the Looking My lukewarm how to buy protonix fron canada are reviewers brand excellent http://serratto.com/vits/over-the-counter-topamax.php skin hands thing is http://www.guardiantreeexperts.com/hutr/abuterol-inhalers-without-perscriptionr Finally warned for brush. Heels buy syntroid 75mcg without rx Used not from, wearing can cialis commercial the are scrunchy wonderful abilify cheap …

Bathurst Resources, the West Australia-based company that gained tentative approval for its Escarpment coal mine on the West Coast’s Denniston Plateau last month, plans to reincorporate as a New Zealand company. The change will be by way of a scheme of arrangement, with shareholders being issued one share in Bathurst NZ for each existing Bathurst share held, the company said …

New Zealand commodity prices surged 7.4 percent in March, the third-biggest gain since at least 1986 as drought drove up the price of whole milk powder by almost a quarter. The kiwi dollar price rose even more as the currency gained. The ANZ Commodity Price index rose 7.4 percent last month to be within 6 percent of the all-time record …

New Zealand households’ employment confidence turned positive for the first time since the third quarter of 2011, as Canterbury and Auckland dragged up an otherwise gloomy nation. The Westpac McDermott Miller Employment Confidence Index rose to 100.7 in the first quarter from 99.1 three months earlier on a scale where 100 separates optimists from pessimists. Employment data is being keenly …

Canadian investor NorthWest International Healthcare Properties Real Estate Investment Trust plans to lift its stake in Vital Healthcare Property Trust to just under a quarter over the coming 12 months. The Vital Healthcare cornerstone shareholder and manager intends to buy up to 15.4 million units, or 5 percent, in the property trust, taking its total interest to 24.99 percent, it …

KiwiRail, the state-owned railway, will close its Coastal Pacific train service between Picton and Christchurch for the winter months to stem losses running at $3 million a year. The tourist train needs to sell 130 seats to breakeven though last winter some services carried just 30, said Deborah Hume, general manager, passenger, in a statement. The losses reflect “a significant …

Emulex Corp, the US computer network provider, will mop up the remaining shares in New Zealand-based, London AIM exchange-listed Endace after crossing the threshold to enforce compulsory acquisition in its fourth extension to the offer. The New York Stock Exchange-listed Emulex has received 99.9 percent of acceptances as at March 28 for some 76 million British pounds, or US$119.8 million, …

Yashili International Holdings, which makes and distributes infant milk formula products in China, has got Overseas Investment Office approval for its proposed 1.1 billion yuan ($212 million) milk processing plant in Pokeno. The company has three years to build the plant before its consent lapses, which will also impose “certain ongoing reporting responsibilities on Yashili New Zealand,” chairman Zhang Lidian …