New Zealand Business & Financial News

	Are We Close To Selling The USD? 1 day ago - Seeking Alpha - May 17, 2013 10:30 PM By Ralph Shell: It has been a great week for the USD as it gained against all the majors. The New Zealand dollar was the last market where the futures traders were long. Early in the week, the kiwi bought .8316 cents per USD, but by the end of the we New Zealand dollar new zealand dollar

17	New Zealand Describes Defense Goals for 2013-2016 1 day ago - The Motley Fool - May 17, 2013 8:43 PM Integration of upgraded weapons systems back into the arsenal is a key objective. New Zealand upgraded

	NZ's Summerset Group's major shareholder cuts stake 2 days ago - Reuters - May 16, 2013 11:30 PM WELLINGTON, May 17 (Reuters) - The major shareholder in New Zealand retirement village operator Summerset Group Ltd has further cut its stake to 22.7 percent after selling down its interest, the company said on Friday. New Zealand retirement

	NZ's Summerset Group's major shareholder cuts stake 2 days ago - Reuters - May 16, 2013 11:30 PM WELLINGTON, May 17 (Reuters) - The major shareholder in New Zealand retirement village operator Summerset Group Ltd has further cut its stake to 22.7 percent after selling down its interest, the company said on Friday. New Zealand retirement

4	Commodities weigh on Antipodean dollars 3 days ago - FT - May 16, 2013 7:52 AM Australian and New Zealand currencies lose 1% amid worries over falling commodity prices and expectations authorities will intervene New Zealand

	Cricket-'Jeeks', 'nuffies' and moms targeted by cricketing Facebook 3 days ago - Reuters - May 16, 2013 2:59 AM WELLINGTON, May 16 (Reuters) - Hunched over desks staring at computer screens paid for in part by New Zealand cricket captain Brendon McCullum, employees at a small Wellington company are hard at work laying the foundations for what they hope will be Facebook New Zealand

	Cricket-'Jeeks', 'nuffies' and moms targeted by cricketing Facebook 3 days ago - Reuters - May 16, 2013 2:59 AM WELLINGTON, May 16 (Reuters) - Hunched over desks staring at computer screens paid for in part by New Zealand cricket captain Brendon McCullum, employees at a small Wellington company are hard at work laying the foundations for what they hope will be Facebook New Zealand

	NZ Supreme Court to hear Megaupload evidence appeal 3 days ago - Reuters - May 16, 2013 1:39 AM WELLINGTON (Reuters) - Megaupload founder Kim Dotcom has won the right to demand the United States hand over all the evidence in its online piracy case against the internet entrepreneur, New Zealand's Supreme Court ruled on Thursday. New Zealand united states supreme court

6	NZ Supreme Court to hear Megaupload evidence appeal 3 days ago - Fox Business - May 16, 2013 1:39 AM Megaupload founder Kim Dotcom has won the right to demand the United States hand over all the evidence in its online piracy case against the internet entrepreneur, New Zealand's Supreme Court ruled on Thursday. New Zealand united states supreme court

	RPT-NZ Supreme Court to hear Megaupload evidence appeal 3 days ago - Reuters - May 16, 2013 1:33 AM WELLINGTON, May 16 (Reuters) - Megaupload founder Kim Dotcomhas won the right to demand the United States hand over all theevidence in its online piracy case against the internetentrepreneur, New Zealand's Supreme Court ruled on Thursday. New Zealand united states supreme court

	RPT-NZ Supreme Court to hear Megaupload evidence appeal 3 days ago - Reuters - May 16, 2013 1:33 AM WELLINGTON, May 16 (Reuters) - Megaupload founder Kim Dotcom has won the right to demand the United States hand over all the evidence in its online piracy case against the internet entrepreneur, New Zealand's Supreme Court ruled on Thursday. New Zealand united states supreme court

	NZ Supreme Court to hear Megaupload evidence appeal 3 days ago - Reuters - May 16, 2013 1:20 AM WELLINGTON, May 16 (Reuters) - Megaupload founder Kim Dotcomhas won the right to demand the United States hand over all theevidence in its online piracy case against the internetentrepreneur, New Zealand's Supreme Court ruled on Thursday. New Zealand united states supreme court

	NZ Supreme Court to hear Megaupload evidence appeal 3 days ago - Reuters - May 16, 2013 1:20 AM WELLINGTON, May 16 (Reuters) - Megaupload founder Kim Dotcom has won the right to demand the United States hand over all the evidence in its online piracy case against the internet entrepreneur, New Zealand's Supreme Court ruled on Thursday. New Zealand united states supreme court

4	New Zealand on Track for Budget Surplus in 2015 3 days ago - WSJ - May 15, 2013 10:36 PM New Zealand unveiled a budget that will reverse years of deficits and bring government debt down, against a backdrop of moderately improving economic growth. New Zealand deficits debt

	New Zealand sees budget surplus 2014/15, ups growth and spending 3 days ago - Reuters - May 15, 2013 10:09 PM WELLINGTON, May 16 (Reuters) - New Zealand forecast better growth, a return to surplus in two years and a lift in social spending in its annual budget on Thursday as the economy recovers from the... New Zealand UPS

	New Zealand sees budget surplus 2014/15, ups growth and spending 3 days ago - Reuters - May 15, 2013 10:09 PM WELLINGTON, May 16 (Reuters) - New Zealand forecast better growth, a return to surplus in two years and a lift in social spending in its annual budget on Thursday as the economy recovers from the global financial crisis. New Zealand UPS

2	New Zealand sees budget surplus 2014/15, ups growth and spending 3 days ago - Reuters - May 15, 2013 10:09 PM WELLINGTON, May 16 (Reuters) - New Zealand forecast bettergrowth, a return to surplus in two years and a lift in socialspending in its annual budget on Thursday as the economyrecovers from the global financial crisis. New Zealand UPS

64	Vend raises $6.5M for dongle-free point-of-sale solution 3 days ago - VentureBeat - May 15, 2013 6:45 PM New Zealand based Vend raises $6.5 million for its software that integrates with existing point-of-sale systems to bring them into the�cloud. New Zealand

	Telecom NZ sees earnings at bottom of guidance range 3 days ago - Reuters - May 15, 2013 4:55 PM WELLINGTON, May 16 (Reuters) - New Zealand's dominant telecommunications company Telecom Corp Ltd said on Thursday it expects full year earnings to be near the bottom of its forecasts because of increased competition and a squeeze on margins. New Zealand earnings margins

	NZ's Ryman Healthcare year profit rises 3 days ago - Reuters - May 15, 2013 4:37 PM WELLINGTON, May 16 (Reuters) - New Zealand rest home operator Ryman Healthcare Ltd's full year profit rose 13 percent, and should rise further as expansion plans take effect, the company said on Thursday. New Zealand profit

	NZ may need to raise rates to curb housing market strength-IMF 4 days ago - Reuters - May 14, 2013 9:18 PM WELLINGTON, May 15 (Reuters) - New Zealand's central bank may have to raise interest rates to cope with a surging housing market, while an overvalued currency will likely fall if global loose money... New Zealand raise rates currency interest rates central bank raise interest rates

	NZ may need to raise rates to curb housing market strength-IMF 4 days ago - Reuters - May 14, 2013 9:18 PM WELLINGTON, May 15 (Reuters) - New Zealand's central bank may have to raise interest rates to cope with a surging housing market, while an overvalued currency will likely fall if global loose money policies are reduced, the International Monetary Fun New Zealand raise rates currency interest rates central bank raise interest rates

14	Barrick Gold Defends Practices After Fund Sells 5 days ago - WSJ - May 14, 2013 3:31 AM Barrick Gold said it would have appreciated a chance to talk with a New Zealand government fund before it sold its stake, citing concern over the company's mining practices. gold New Zealand

9	Barrick Gold Defends Practices After New Zealand Fund Pullout 5 days ago - Fox Business - May 14, 2013 2:11 AM Canada's Barrick Gold Corp. (ABX.T) said it would have appreciated talking to a New Zealand government fund before it sold its stake in the Toronto-based company citing concern over mining practices. gold New Zealand canada

	UPDATE 1-NZ's Synlait Milk plans IPO, taps dairy investment demand 5 days ago - Reuters - May 14, 2013 12:56 AM WELLINGTON, May 14 (Reuters) - Chinese controlled-New Zealand dairy company Synlait Milk Ltd is planning a public share offer to fund an expansion in China's booming infant formula market, tapping into global demand for food-related investments in As China New Zealand IPO

	UPDATE 1-NZ's Synlait Milk plans IPO, taps dairy investment demand 5 days ago - Reuters - May 14, 2013 12:56 AM WELLINGTON, May 14 (Reuters) - Chinese controlled-New Zealand dairy company Synlait Milk Ltd is planning a public share offer to fund an expansion in China's booming infant formula market, tapping... China New Zealand IPO

	Fitch Rates ANZ's Series 2013-2 Covered Bonds 'AAA'; Outlook Stable 5 days ago - Reuters - May 13, 2013 10:47 PM (The following statement was released by the rating agency) SYDNEY, May 13 (Fitch) Fitch Ratings has assigned Australia and New Zealand Banking Group Limited's (ANZ, AA-/Stable/F1+) Series 2013-2 issue of EUR1bn mortgage covered bonds a 'AAA' rating New Zealand australia bonds mortgage mortgage rates

	G7 Focuses On Japan Recovery, Short New Zealand Dollar / U.S. Dollar 5 days ago - Seeking Alpha - May 13, 2013 6:28 PM By Mario Sant Singh:Over the weekend, G7 finance chiefs and central bankers reaffirmed their February commitment to "not target exchange rates". That statement seems to indicate that they will tolerate a weakening yen for now as they stepped up their yen New Zealand Target dollar japan new zealand dollar

	New Zealand's Kiwi Income Trust year profit rises 6 days ago - Reuters - May 12, 2013 4:53 PM WELLINGTON, May 16 (Reuters) - Kiwi Income Property Trust Ltd reported 23 percent rise in profit in the year to March 31 because of high occupancy rate and reduced debt. New Zealand debt profit

2	Currencies: bazookas v peashooters 7 days ago - FT - May 12, 2013 7:49 AM Japan’s monetary expansion is the biggest weapon out there, while New Zealand’s action seems designed merely to soften the kiwi New Zealand japan

6	Uncle Buck Upstages Bernanke 1 week ago - ZeroHedge - May 10, 2013 7:20 PM Some recent volatility in currency markets began with the Reserve Bank of New Zealand intervening to stem the rise of the Kiwi. At the same time, the Reserve Bank of Australia cut its overnight lending rate. Both actions caused sharp declines in th Bernanke New Zealand australia currency volatility reserve currency

12	Shares Rise After I.P.O. of New Zealand Power Utility 1 week ago - NY Times - May 10, 2013 7:44 AM Shares in Mighty River Power, the first of several state-owned companies to be partially privatized, gained nearly 5 percent in the first day of trading. New Zealand

9	New Zealand's Biggest IPO Surges on Debut 1 week ago - WSJ - May 10, 2013 4:39 AM Mighty River Power rose 5.0% on the first day of trading, paving the way for New Zealand to list other utilities after raising $1.43 billion in its largest initial public offering. New Zealand initial public offering IPO

10	What Currency War?: Deputy New Zealand PM 1 week ago - CNBC - May 9, 2013 11:42 PM New Zealand currency

	REFILE-UPDATE 1-Solid debut for Mighty River bodes well for more NZ offerings 1 week ago - Reuters - May 9, 2013 11:38 PM WELLINGTON, May 9 (Reuters) - Mighty River Power Ltd climbed as much as 9 percent in its debut on Fridayafter the government raised NZ$1.7 billion ($1.4 billion) in arecord New Zealand IPO, boding well for expected partial salesof other state energy New Zealand IPO

19	ANZ Cuts Standard Variable Home-Loan Rate 27 BPs 1 week ago - Fox Business - May 9, 2013 10:20 PM Australia & New Zealand Banking Group Ltd. (ANZ.AU) has cut its headline home loan rate by more than the Australian central bank's rate cut this week, stepping up the battle for the country's 1.3 trillion Australian dollar (US$1.31 trillion) home New Zealand dollar australia central bank australian dollar australia dollar au dollar new zealand dollar us dollar

	FOREX-Euro slips; Australia, New Zealand dollars shine 1 week ago - Reuters - May 9, 2013 8:03 AM LONDON, May 9 (Reuters) - The euro eased against the dollar on Thursday, taking a pause after two days of gains, pegged back by expectations of more monetary easing by the European Central Bank and... euro New Zealand dollar australia london central bank australia dollar new zealand dollar

5	Manufacturing data lift sterling 1 week ago - FT - May 9, 2013 5:16 AM Figures increase bets that central bank will not ease policy, while Australian and New Zealand dollars gain after positive labour market news New Zealand sterling central bank manufacturing

	FOREX-Euro extends gains; Australia, New Zealand dollars shine 1 week ago - Reuters - May 9, 2013 4:26 AM LONDON, May 9 (Reuters) - The euro rose for a third straight day against the dollar on Thursday as some sovereign investors, encouraged by signs of an economic recovery in Germany, bought the single... euro New Zealand dollar australia germany london australia dollar new zealand dollar

	Australia stocks slip after reaching 5-year high 1 week ago - MarketWatch - May 8, 2013 8:31 PM LOS ANGELES (MarketWatch) -- Stocks in Australia slipped Thursday, with the benchmark edging back from its highest closing level since June 2008. The S&P/ASX 200was off 0.1% as banking and energy issues fell. Shares of Australia & New Zealand Banking New Zealand australia los angeles

3	Prehistoric-Looking Beast Washes Up On New Zealand Beach 1 week ago - Business Insider - May 8, 2013 2:13 PM A large, unidentified animal carcass washed up on a beach in New Zealand last week, according to the country's SunLive newspaper. Beach-goers initially thought the decomposing body with large, pointy teeth was a prehistoric creature. But marine New Zealand

6	New Zealand ETF Down Slightly After RBNZ Intervention News 2 weeks ago - Benzinga - May 8, 2013 11:44 AM The iShares MSCI New Zealand Capped Investable Market Index Fund (NYSE: ENZL), the lone ETF devoted exclusively to New Zealand, is trading modestly lower Wednesday after Reserve Bank of New Zealand Governor Graeme Wheeler confirmed the central bank h New Zealand central bank nyse

19	Messy Path to Privatization for New Zealand Power Company 2 weeks ago - NY Times - May 8, 2013 7:58 AM Opposition parties and the Maori Council are among those who oppose the partial privatization of Mighty River Power. Its I.P.O. is intended to be the first of several state company sales. New Zealand

	New Zealand Commands The Spotlight 2 weeks ago - Seeking Alpha - May 8, 2013 7:02 AM By Marc Chandler:In an otherwise quiet foreign exchange market, New Zealand took the spotlight, selling off in response to the revelation that the central bank governor has sold some New Zealand dollars and may do so again. The evidence suggests the New Zealand central bank

24	New Zealand Raises $1.4 Billion in IPO 2 weeks ago - WSJ - May 8, 2013 6:49 AM New Zealand's government raised $1.4 billion from an initial public offering of a 49% stake in state-owned Mighty River Power. New Zealand initial public offering IPO

	UPDATE 1-New Zealand's Mighty River IPO raises record $1.4 bln 2 weeks ago - Reuters - May 8, 2013 5:01 AM * Mighty River lists on New Zealand Stock Exchange on Friday New Zealand IPO

3	UPDATE 1-New Zealand's Mighty River IPO raises record $1.4 bln 2 weeks ago - Reuters - May 8, 2013 5:01 AM * Mighty River lists on New Zealand Stock Exchange on Friday New Zealand IPO

13	New Zealand Admits Currency Intervention 2 weeks ago - WSJ - May 8, 2013 3:58 AM New Zealand's central bank said it had intervened in foreign currency markets and would do so again if needed to contain a soaring local currency. New Zealand currency central bank

	Kiwi slumps on New Zealand intervention reports 2 weeks ago - MarketWatch - May 7, 2013 11:37 PM HONG KONG (MarketWatch) -- The New Zealand dollar tumbled Wednesday after central bank Gov. Graeme Wheeler reportedly told lawmakers the bank has intervened in the market to stem the currency's strength, and that it is capable of doing it again. "The New Zealand dollar currency central bank new zealand dollar

	NZ dollar could rise more on rate rise expectations - RBNZ 2 weeks ago - Reuters - May 7, 2013 8:48 PM WELLINGTON, May 8 (Reuters) - The New Zealand dollar may appreciate more if investors expect that the country's economy is outperforming, raising speculation that interest rates in the country will rise, the central bank said on Wednesday. New Zealand dollar interest rates central bank nz dollar new zealand dollar