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Kiwibank chases investor funds for future growth

The New Zealand Herald : Business: 10 hours ago
State-owned Kiwibank is planning to raise money from the public to underpin its growth, raising questions about parent New Zealand Post's ability to continue funding it.Kiwibank yesterday said it was considering raising up to... ...read article

NZ dollar tops US70c

The New Zealand Herald : Business: 10 hours ago
The New Zealand dollar rose yesterday as traders squared up positions ahead of today's monetary policy statement by the Reserve Bank of New Zealand. The dollar was at US70.63c at 5pm and rose as high as US70.69c. The central... ...read article

Wakefield expands

The New Zealand Herald : Business: 10 hours ago
Wakefield Health, operator of Wakefield Hospital in Wellington, is expanding into the Bay of Plenty, via a deal with an owner of Grace Hospital in Tauranga. Wakefield said it had agreed to acquire a controlling shareholding in... ...read article

Immigrants' older parents with $1m to invest get priority

The New Zealand Herald : Business: 10 hours ago
Wealthy older parents of settled immigrants will be given priority to retire here if they are rich enough to invest $1 million over four years.They will have to have good health but will not need to have health insurance. As permanent... ...read article

Tech firm chief says 'New Zealand exporter' branding sends wrong message

The New Zealand Herald : Business: 10 hours ago
High-tech New Zealand start-ups need to portray themselves as truly global players from their inception, rather than humble exporters, says the chief of a successful Kiwi technology company.Speaking at the New Zealand-Australia... ...read article

Hotchin: Why we pulled the plug

The New Zealand Herald : Business: 10 hours ago
Former Hanover boss Mark Hotchin is hoping to jointly fund his finance company FAI Money with bank money after pulling the plug on its debenture borrowing.Hotchin yesterday said he and co-owner Eric Watson had decided to stop... ...read article

Mobile rate proposal puts 2degrees plans in doubt

The New Zealand Herald : Business: 10 hours ago
2degrees says it may rethink plans to expand its national cellular network if the Government accepts a Commerce Commission proposal on the termination rates the mobile phone operator pays competitors Telecom and Vodafone.Communications... ...read article

Hotchin and Watson give up on mum and dad

The New Zealand Herald : Business: 10 hours ago
Former Hanover owners Mark Hotchin and Eric Watson have decided they will no longer hit up mum and dad investors for cash because it's "too hard" without the Government guarantee.Mr Hotchin wrote to investors in finance company... ...read article

NZ dollar slips as Bollard holds to rates timing

The New Zealand Herald : Business: 10 hours ago
New Zealand's dollar fell after the central bank kept its policy assessment virtually unchanged from its review in December, saying the nation's economic recovery will be subdued.Governor Alan Bollard kept the ...read article

Brian Fallow : Bollard's cut and paste job no bad thing

The New Zealand Herald : Business: 10 hours ago
Most of today's interest rate decisions from the Reserve Bank was cut-and-pasted from January's. There is a pretty strong resemblance to December's ...read article

Buffett salary unchanged, but security costs up

The New Zealand Herald : Business: 10 hours ago
OMAHA, Nebraska- Warren Buffett brought home less pay than Berkshire Hathaway 's chief financial officer again last year, but the company is paying more to protect the billionaire these days. ...read article

Bernard Hickey: Inflation to hit 5 per cent ?

The New Zealand Herald : Business: 10 hours ago
Inflation could hit 5 per cent by the end of the year, well outside the Reserve Bank's target range of 1-3 per cent, but it has decided to remain sitting on its hands. That's fair enough, given many of these increases are 'one... ...read article

OCR stays at 2.5pc, rates steady till mid-year

The New Zealand Herald : Business: 10 hours ago
Official interest rates have been left unchanged at a record low 2.5 per cent by the Reserve Bank this morning.Reserve Bank Governor Alan Bollard has re-confirmed his intention to start "removing policy stimulus" around the middle... ...read article

Shell name will stay, says Infratil

The New Zealand Herald : Business: 10 hours ago
Infratil, which is in advanced talks to acquire assets from Shell New Zealand, said there is substantial upside value in being an overtly New Zealand-owned dominant petrol company as the local oil industry restructures, according... ...read article

Food prices fall in February, steaks down 17pc

The New Zealand Herald : Business: 10 hours ago
New Zealand food prices fell by 1.3 per cent in February on the back of falls in fruit and vegetable costs, as well as lowered meat, poultry and fish prices.Additionally, Statistics New Zealand's food price index measured a February... ...read article

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