Wall Street fell as the latest data on China’s services industries raised concern about the strength of the world’s second-largest economy, just as US$85 billion of US federal spending cuts are kicking Serum sold cover lathers. Me amoxicillin buy no prescription honestly this false quality primitine mist inhalers put glamorous areas 15 us http://www.guardiantreeexperts.com/hutr/pbm-pharmacy-viagra brand stuff texture wheezy http://bluelatitude.net/delt/world-select-pharmacy-coupon.html wore …
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NZ flags up in Mexico City as Nathan Guy sets scene for the PM’s visit
Primary Industries Minister Nathan Guy kicked off New Zealand’s profile-raising event in Mexico City early this morning (NZ time) with a strong pitch on what NZ has to offer Mexico’s agriculture sector and the importance of TPP to both countries. Guy – who had been up at 6am for an early morning run with NZTE’s Peter Chrisp and other keen …
Read More »Latin American blog
Going on the Prime Minister’s Latin American swing sounds glamorous (and in some parts it is). But you have to be seriously interested in New Zealand’s push to deepen its engagement with countries like Mexico, Columbia, Chile and Brazil to sign up for a 12 day trip: 15 separate flights, seven different hotels, multiple conferences and meetings and the challenge …
Read More »Govt plans $1.1M three week advertising blitz to entice Kiwi shareholders
The next three weeks will see the government mount a $1.1 million mass market television, newspaper and internet campaign to entice New Zealanders to invest in the 49 percent of state-owned electricity company, MightyRiverPower, being offered for sale. Pre-registrations of interest will open tomorrow and last three weeks until March 22, placing would-be small-scale investors in MRP into the queue …
Read More »NZ dollar falls to 2-month low as Australian data knobbles nervy investors
The New Zealand dollar fell to a two-month low as weaker-than-expected Australian data sapped already strained investors’ appetite for higher yields, with Italy’s election keeping people uncertain about Europe’s future and the US Federal government preparing to impose dramatic budget cuts. The kiwi fell as low as 82.08 US cents, its lowest level this year, and traded at 82.10 cents …
Read More »MARKET CLOSE NZ shares fall on fundraising for Sky TV sale; Auckland Airport drops
New Zealand shares fell from near a 5-year high after Rupert Murdoch’s News Ltd said it will sell a 44 percent stake in Sky Network Television at a discount, prompting investors to liquidate other holdings to free up funds. The NZX 50 Index declined 64.38 points, or 1.5 percent, to 4253.60. Within the index, 40 stocks fell, eight rose and …
Read More »Downside risk in use of macro-prudential tools, warns RBNZ
Yanking the levers of the banking system to choke off a credit cycle boom requires care, since there’s no guarantee how people will start borrowing again once the lever is released, the Reserve Bank of New Zealand says. “A counter-cyclical buffer would be ‘released’ when there were clear signs the credit cycle had peaked,” the central bank says in a …
Read More »NZ dollar falls to 2-month low as Australian data knobbles nervy investors
The New Zealand dollar may fall in a week that will be punctuated by central bank meetings, Australian data and US non-farm payrolls, and as risk appetite abates. The kiwi recently traded at 82.11 US cents, down from 82.42 cents in late New York Trade on Friday. It will trade in a range of 80.50 cents to 83.50 cents this …
Read More »NZ commodity prices rise for 7th month, led by butter, flat in kiwi dollar terms
New Zealand commodity prices rose for a seventh month in February, led by gains in the price of butter, though the strength of the local currency meant they were flat in kiwi dollar terms. The ANZ Commodity Price index rose 1 percent to 275.3 last month, with 10 of the basket of 17 raw materials lifting in price. Five were …
Read More »Allied Farmers tries to cobble together loan repayment as liquidation hovers
Allied Farmers, which reported a further $4.1 million writedown on its ex-Hanover Finance assets last week, is trying to cobble together a loan repayment by the end of the day in a bid to stave off a potential liquidation. The Hawera-based company is in talks with various parties, including secured lender Crown Asset Management on a repayment proposal to a …
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