Kiwi surges on float anniversary, earnings season report card, where the real deals are done
A look at what's in NBR Print today.
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In todays NBR Print Edition: New Zealand marks three decades of floating exchange rates next week as the New Zealand dollar climbs towards parity with the Australian currency. Rob Hosking and Jason Walls take a trip down memory lane and look ahead at where the kiwi dollar is trending.
The stock exchange [NZX:NZX] is mid-way through the earnings season already and a mixed bag of results has been produced. Calida Smylie guages market reaction of corporate results so far.
The NZ Super Fund’s legal case against the Bank of Portugal will take some time to play out but the outcome should be fascinating. One question Shoeshine asks is: if the Super Fund is unsuccessful, will it turn its legal guns on to Goldman Sachs?
Closed door transactions are leading to some of Auckland’s biggest commercial property deals, Sally Lindsay reports. Hundreds of millions of dollars of CBD land and buildings are being sold in off-market agreements to local and foreign investors in a booming market with aggressively rising prices.
New data from PwC shows local chief executives are beginning to include cyber security in company strategy, Nathan Smith reports. However, experts warn that only when all New Zealand companies prioritise cyber protection can a “meaningful dialogue” take shape.
The fourth anniversary of Christchurch’s earthquake is more than a local event. It has shaped the nation from the initial wave of emotional and financial support from Kiwis in every town and city to the explosion of job opportunities, revaluation of property, reshaping of insurance and rebuilding by corporations. Don’t miss NBR Special Report.
Auckland Council has lost a bid to poass on liability to the central governemnt in a leaky building case. Victoria Young reports.
Analysts are giving Xero [NZX:XRO] the thumbs up for its $147 million capital raising this week and senior appointments including new US chief Russell Fujioka. Duncan Bridgeman reports.
In Order Paper, Rob Hosking reckons National is taking Kiwi conservatism into risky territory.
If the Black Caps beat Australia on Saturday, Tony Abbott will have over-pitched his delivery, will be off-side with his party and will be out … Who’s the lucky country now? Jacqueline Rowarth asks.
In technology, Chris Keall explores PowerbyProxi’s $US25 million capital raise and finds out where the technology is headed.
All this and more in today’s National Business Review. Out now.
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
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Kiwi surges on float anniversary, earnings season report card, where the real deals are done
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