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Wellington-based Alex Gordon was one of 2,000 entries to the World Financial Modelling Championship. After three rounds, he was one of the world’s top-16 financial modelling minds to attend the New York live finals this past weekend. The competition was fierce and finalists came from all the corners of the globe – from New Zealand, Australia, the USA, Britain, Russia, …

The New Zealand dollar may gain against its Australian counterpart if the Reserve Bank of Australia cuts interest rates as expected, as the resources boom slows across the Tasman and forces the regulator to reduce its yield advantage. The kiwi dollar increased to 78.78 Australian cents at 8am in Wellington from 78.68 cents yesterday, and advanced to 82.10 US cents …

Chorus’s Baa2 credit rating may be cut by Moody’s Investors Service after the Commerce Commission released a draft plan to curb prices the company can charge retailers to access its network. The review affects US$2 billion of debt. The regulator yesterday released a draft determination that would cut the price of Chorus’s basic service relating to the unbundled local copper …

Face-to-Face is a new feature from newzealandinc.com where we sit down for a chat with visiting business leaders from around the globe. We find out a little about them and their business, why they’re in New Zealand and what’s on their mind. The first in our Face-to-Face series is Viphan Leelachart, visiting New Zealand as a part of the ASEAN …

Prime Minister John Key says he was delighted to hear the news that Their Royal Highnesses, The Duke and Duchess of Cambridge, are expecting a baby. “This is fabulous news for Prince William and Catherine, and I know the Queen and Prince Phillip will be extremely pleased. “It is an important day in any young couple’s life when a baby is …

Chorus’ annual earnings would be slashed by as much as 40 percent if the competition regulator goes ahead with draft plans to steeply cut what the telecommunications network operator can charge for access to electronic switchgear on its ageing copper lines. The telecommunications network operator has slammed the Commerce Commission’s draft regime on pricing for unbundled bitstream access (UBA) services, …

The Telecommunications Commissioner’s draft decision on access to switchgear on the copper telecommunications network is “very problematic” and the government won’t rule out legislating to get the outcome it wants, says Prime Minister John Key. His comments came as shares in the copper network owner, Chorus, fell 14 percent to $2.91, three cents lower than its listing price when it …

The euro rose to a six-week high against the dollar after Greece offered to buy back 10 billion euros of bonds in what’s seen as a sign of progress in tackling its debt mountain. As talks in Washington aimed at averting the fiscal cliff appear stalled, a chink of light has flowed into markets from Europe. The euro traded recently …

Markets Hub host Paul Vigna and Steven Russolillo review the top markets and business stories from 2012, which include bad robots, flubbed IPOs and old-fashioned Wall Street shenanigans

New Zealand shares fell after telecommunications network operator Chorus said a draft view of price curbs proposed by the regulator could wipe $160 million from earnings. Xero soared to a record after raising funds from US investors. The NZX 50 Index fell 0.99 points, or 0.02 percent, to 4049.09. Within the index, 20 stocks rose, 15 fell and 15 were …