WELLINGTON, Oct 4- The independent directors of New Zealand cooking and laundry ware Fisher and Paykel Appliances Ltd have recommended shareholders reject a takeover offer by cornerstone shareholder Haier Group because it undervalues the company.
SAN FRANCISCO, Oct 3- Facebook Inc is letting users in the United States pay a fee to boost the visibility of their postings on the social network, the company's latest effort to look beyond advertisers for revenue.
WELLINGTON, Oct 4- Following are some of the lead stories from New Zealand metropolitan newspapers on Thursday. How to pluck $100,000 out of thin air: Rental fees for thin air are adding more than $100,000 a year to the city coffers.
The Institute for Supply Management said its index of service companies rose to 55.1 in September, the highest level since March. The euro fell to $1.2899 in late trading Wednesday from $1.2917 late Tuesday. The dollar rose to 78.52 Japanese yen from 78.13 yen, to 0.9390 Swiss franc from 0.9364 Swiss franc and to 98.82 Canadian cents from 98.42 Canadian cents.
WELLINGTON, New Zealand-- New Zealand canceled a visa for Mike Tyson on Wednesday because of his rape conviction, saying it reversed its earlier approval because a charity that would have benefited from his appearance says it wants nothing to do with the former heavyweight boxing champion.
MELBOURNE, Oct 3- Australian shares edged up to a 14- month closing high on Wednesday as banks and broader stocks were boosted by an interest rate cut and a weaker local dollar, enhancing export prospects. He noted markets were cautious after Spain said a request for European aid was not imminent.
MELBOURNE, Oct 3- Australian shares edged up to a 14- month closing high on Wednesday as banks and broader stocks were boosted by an interest rate cut and the local dollar weakened, enhancing export prospects.
WELLINGTON/ SYDNEY, Oct 3- The Australian dollar slumped on Wednesday as a shock widening in the country's trade deficit stoked speculation of more cuts in domestic interest rates, driving bond yields to two-month lows. The Australian dollar skidded to $1.0206, its lowest since Sept 6, having easily knocked out options at $1.0250.
HONOLULU-- Hawaiian Airlines plans to use a bigger plane when it launches nonstop service between Honolulu and Auckland, New Zealand in March. Hawaiian has been rapidly expanding its service to the U.S. mainland and the Asia-Pacific region. It started new routes to New York City and Fukuoka, Japan earlier this year.
WELLINGTON, Oct 3- Air New Zealand Ltd said on Wednesday that its deputy chief executive Norm Thompson will retire in June next year. The outgoing chief executive Rob Fyfe, who leaves the airline at the end of the year, said Thompson had been invaluable in running the airline.
WELLINGTON/ SYDNEY, Oct 3- The Australian dollar extended losses against the U.S. dollar on Wednesday and hovered near multi-week lows elsewhere as markets priced in more cuts in domestic interest rates, boosting bonds. *The Australian dollar skids to $1.0222, its lowest since Sept 6, from $1.0263 early, having knocked out options at $1.0250.
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.