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Business New Zealand

  • SYDNEY, Oct 4- Australian shares extended their gains by 0.3 percent on Thursday, hitting a 14- month high after banks offset losses in mining, as investors eyed further interest rate cuts in the wake of soft retail sales data. Top banks continued this week's post rate-cut gains, led by Westpac Banking Corp.

  • *Markets show 64 pct chance of rate cut next month in Australia. WELLINGTON/ SYDNEY, Oct 4- The Australian dollar bounced off one-month lows against its U.S. counterpart on Thursday, helped by stronger equities and position adjustments, while the New Zealand dollar edged up as well.

  • SYDNEY, Oct 4- Australian shares extended their gains by 0.3 percent on Thursday, hitting a 14- month high after banks offset losses in mining. Top banks continued this week's post rate-cut gains, led by Westpac Banking Corp.

  • MELBOURNE, Oct 4- Australian shares were up 0.2 percent on Thursday as banks rose while miners fell, with sentiment dented by soft retail sales figures for August and declines in oil and copper prices. Top banks continued this week's post rate-cut gains, led by a 1.2 percent rise in Westpac Banking Corp.

  • WELLINGTON/ SYDNEY, Oct 4- The Aussie dollar fell across the board on Thursday and hovered around one-month lows against the U.S. dollar as subdued retail sales data added to the case for further rate cuts, while the New Zealand dollar edged up.

  • MELBOURNE, Oct 4- Australian shares rose 0.2 percent early on Thursday as gains in banks offset weaker miners, with sentiment supported by encouraging jobs growth data in the United States.

  • WELLINGTON, Oct 4- The board of New Zealand cooking and laundry appliance maker Fisher and Paykel Appliances Ltd said shareholders should reject a takeover offer by cornerstone shareholder Haier Group because it undervalued the company.

  • WELLINGTON/ SYDNEY, Oct 4- The Australian dollar was hemmed in around a one-month low on Thursday as weak data at home and stronger U.S. jobs numbers weighed, dragging the New Zealand dollar to a three-week low in its wake. *The New Zealand dollar at $0.8190 from Wednesday's $0.8215 having been dragged lower in the downdraft of the falling Aussie.

  • 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.