New Zealand property values rose 5.7 percent last year, driven by gains in Auckland and a recovery in Christchurch, and the housing market in the country’s biggest city is set to keep climbing, according to Quotable Value. Property values were 1.5 percent in the three months ended Dec. 31 from the same period a year earlier, rounding out the annual …
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Piers Morgan’s gun control interview ignites debate
An appearance by Alex Jones on Piers Morgan’s show has sparked debate after a lively exchange between the two media personalities on gun control. Jones was top of Twitter Wednesday evening following the show in which he presented Morgan with a petition signed by 100,000 Americans ordering Piers be deported from the United States in response to Morgan’s vocal anti-gun stance within …
Read More »Inghams says sale process continuing, yet to reach agreement with buyer
Inghams Enterprises has yet to find a buyer for Australasia’s biggest chicken producer, which owner Bob Ingham put up for sale last July with a price tag reportedly of A$1.4 billion. “We’ve not agreed to sell the business or got an agreed buyer,” Paddy Watts, Inghams financial controller, told BusinessDesk. “We were hoping to have it done by now …
Read More »NZ Steel profit down 26.7 percent as production costs outstrip revenue growth
The holding company for the New Zealand Steel mill at Glenbrook, near Auckland, has posted a 26.7 percent drop in tax-paid earnings in the year to June 30, according to Companies Office records filed before shortly before Christmas. Profit fell to $95.3 million from $126.4 million a year earlier, the bare bones accounts for Tasman Steel Holdings show. The company …
Read More »NZ dollar falls vs. yen as pace of BOJ easing weighed, building consents loom
The New Zealand dollar extended its decline from a four-year high against the yen as traders pondered the pace of monetary easing by the Bank of Japan that has weakened its currency against most trading peers. The New Zealand dollar dropped to 72.8 yen from 73.10 yen at 5pm in Wellington yesterday. The kiwi slipped to 83.49 US cents from …
Read More »While you were sleeping Stocks fall on earnings worry
Equities on both sides of the Atlantic weakened at the start of the fourth-quarter earnings season in the US that is expected to show tepid growth in corporate profits. Quarterly earnings are expected to increase by 2.7 percent, according to Thomson Reuters data. “People are concerned about earnings,” Ken Polcari, director of the NYSE floor division at O’Neil Securities in …
Read More »MARKET CLOSE NZ shares rise, led by Metlifecare, Telecom, Wrightson
New Zealand shares rose in subdued January trading, led by Metlifecare, Telecom and PGG Wrightson as investors were drawn to the yields available on equities in the face of low interest rates. The NZX 50 Index rose 5.52 points, or 0.1 percent, to 4090.36. Within the index, 13 stocks rose, 25 fell and 12 were unchanged. Turnover was $82.8 million. …
Read More »NZ dollar may gain vs. euro as ECB monetary policy review looms
The New Zealand dollar may gain against the euro as investors returning from the Christmas and New Year holidays prepare for the European Central Bank to review monetary policy this week amid fears the region’s economy will continue to shrink this year. The kiwi increased to 63.66 euro cents at 5pm in Wellington from 63.54 cents yesterday. It was little …
Read More »Marsden Point refinery too vulnerable to fire, tsunami, says Air NZ
New Zealand’s only oil refinery, at Marsden Point, is too vulnerable to the risks of a major fire or destruction from a tsunami, says Air New Zealand in a submission on a government review of the country’s transport fuel security arrangements. custom essays The national carrier also suggests the country should abandon its $10 million a year membership of …
Read More »University of Canterbury partners with ASX-listed Navitas to lure foreign students
The University of Canterbury has partnered with ASX-listed Navitas as part of its strategy to double the percentage of foreign students enrolled to study. buy a essay No financial details of the five-year agreement were provided. Perth-based Navitas and the university will establish a new entity called UC International College, to recruit and prepare international students for study at …
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