Business New Zealand

  • MELBOURNE, Oct 3- Australian shares hit a 14 month-high on Wednesday as banks and broader stocks surged after the central bank cut interest rates and the local dollar weakened, enhancing export earnings. Top banks were all higher, led by National Australia Bank. "People are rethinking everything," said Macquarie Equities division director Lucinda Chan.

  • WELLINGTON, Oct 3- APN News& Media Limited. confirmed on Wednesday that a strategic review of its New Zealand assets was ongoing, but it has nothing to announce at this stage. APN shares jumped 18 percent to NZ $0.53 on Wednesday on market speculation of the strategic review.

  • MELBOURNE, Oct 3- Australian shares rose 0.3 percent to a fresh five-month high on Wednesday, lifted by gains in top banks even as miners lost ground. was up 12 points at 4,444.7 by 0017 GMT, its highest since May 1. ()DIARIES& DATA: IPO diary& data Asia earnings diary U.S. earnings diary European diary Australia diary Wall Street Week Ahead Eurostocks Week Ahead.

  • Oct 3- APN News& Media Ltd:.

  • CANBERRA, Oct 3- Australian shares are set to open higher on Wednesday, extending recent gains after the Reserve Bank of Australia cut its main cash rate, although uncertainty over Europe's debt crisis and China's growth will still weigh on investor sentiment.

  • WELLINGTON/ SYDNEY, Oct 3- The Australian dollar languished around a one month low on Wednesday in the wake of the Reserve Bank of Australia rate cut, while the New Zealand dollar sat at the bottom of its recent range amid conflicting signals on whether Spain will seek a bailout.

  • *India is largest source of migrants to Australia. SYDNEY, Oct 3- India's wealthy, from old money to nouveaux riches IT entrepreneurs, are quietly snapping up hotels and mines Down Under just as Australia embarks on an immigration campaign to attract long-term investment.

  • WELLINGTON, Oct 3- Following are some of the lead stories from New Zealand metropolitan newspapers on Wednesday. Xero shares near high as sales double: Xero shares surged to within sight of its highest level yesterday after the cloud accounting company said half-year sales were on track to double.

  • WELLINGTON, Oct 3- International milk prices fell for the first time in two months, New Zealand's Fonterra Cooperative Group, the world's biggest dairy exporter, said on Wednesday. Fonterra is owned by about 10,500 farmers and controls around a third of the world's dairy exports, generating more than 7 percent of New Zealand's gross domestic product.

  • SYDNEY, Oct 2- Australian shares rallied 1 percent on Tuesday to their highest close in five months after the central bank cut its main cash rate in a bid to bolster growth in the face of weak commodity prices and global uncertainty.

  • SYDNEY, Oct 2- Australian shares rallied 1 percent to their highest close in five months after Australia's central bank cut its main cash rate in a bid to bolster growth in the face of weak commodity prices and global uncertainty.

  • By Mantik Kusjanto and Cecile Lefort. SYDNEY/ WELLINGTON, Oct 2- The Australian dollar slipped to one-month lows on Tuesday after the Reserve Bank of Australia cut rates to a three-year trough of 3.25 percent and left the door ajar for more easing.

  • SYDNEY/ WELLINGTON, Oct 2- The Australian dollar languished near three-week lows on Tuesday as investors waited to see if the Reserve Bank of Australia would bite the bullet and cut interest rates at its monthly policy meeting.

  • MELBOURNE, Oct 2- Australian shares advanced 0.5 percent on Tuesday, with investors on tenterhooks ahead of a central bank rate decision and resources stocks helped by stronger-than-expected U.S. manufacturing data.

  • MELBOURNE, Oct 2- Australian shares opened 0.3 percent higher on Tuesday, with investors on tenterhooks ahead of a central bank rate decision and resources stocks helped by stronger-than-expected U.S. manufacturing data.

  • WELLINGTON, Oct 2- The owners of a ship which smashed into a reef off a popular New Zealand holiday spot causing the country's worst environmental disaster in decades have reached a multi-million dollar settlement with authorities, the government said on Tuesday.

  • SYDNEY, Oct 2- Australian shares are set to open higher on Tuesday, with resources stocks likely to underpin gains after data showed a surprising expansion in U.S. manufacturing in September.

  • Daina Shipping, a subsidiary of Greek-based Costamare, along with its insurers agreed Tuesday to settle with New Zealand for $22.9 million for oil cleanup costs incurred so far and another $8.6 million if it doesn't remove the pieces of the wreck that still sit on the reef.

  • WELLINGTON, Oct 2- The New Zealand and Australian dollars were supported at the lower end of recent ranges on Tuesday after failing to capitalise on better risk sentiment as investors waited for a central bank rate decision. *The Aussie sits at $1.0361 from Monday's late local level of $1.0338, after traversing a $1.0332 to $1.0404 range overnight.

  • WELLINGTON, Oct 2- Following are some of the lead stories from New Zealand metropolitan newspapers on Tuesday. Link with witchcraft closes therapy clinic: A natural therapy clinic at Whanganui Hospital offering massage and traditional Maori healing has been shelved after a doctor linked it to witchcraft and wizardry.