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Business New Zealand

  • Rating Action On Oct. 11, 2012, Standard& Poor's Ratings Services affirmed its' B-' long-term corporate credit rating on Trilogy International Partners LLC.

  • HONG KONG/ SYDNEY, October 11 Fitch Ratings said Australia and New Zealand structured finance saw stable asset performance in Q312, with 114 affirmation and two upgrades across 37 transactions.

  • *S&P/ASX 200 index fell 7 points to 4,483.5* Lynas Corp Ltd. plunges 15 pct on Malaysia delay. Shares pulled back from 14- month highs on Wednesday after the IMF cut its growth forecast for China, Australia's biggest export market.

  • --We are lowering our long-term rating on Kapiti Coast District Council to' A+' from' AA-' and short-term rating to' A-1' from' A-1+'. On Oct. 11, 2012, Standard& Poor's Ratings Services lowered its long-term issuer credit rating on Kapiti Coast District Council to' A+' from' AA-'.

  • MELBOURNE, Oct 11- Australian shares fell 0.2 percent on Thursday, weighed by weakness in miners but paring steeper earlier losses after data showed a jump in jobs in September. Lynas Corp Ltd plunged 15 percent as it faced another delay in opening its rare earths plant in Malaysia.

  • *Australia jobs +14,500, full-time +31,200. By Gyles Beckford and Wayne Cole. WELLINGTON/ SYDNEY, Oct 11- The Australian dollar motored to a one-week high on Thursday as investors latched onto the strong points in local jobs data, even as they did nothing to dampen the prospects of further rate cuts.

  • MELBOURNE, Oct 11- Australian shares recovered from session lows to be down 0.3 percent on Thursday, paring steeper losses after data showed a jump in jobs in September and more people looking for work.

  • WELLINGTON/ SYDNEY, Oct 11- The Australian dollar gained on the greenback on Thursday as a strong employment gain was matched by more people looking for work sending the jobless rate to a two-year high, keeping expectations for lower rates in Australia in play.

  • SYDNEY, Oct 11- Australian shares fell 0.6 percent early on Thursday, following weak leads from Wall Street as U.S. equities sank on corporate warnings of slower growth, with investors waiting on local jobs data later in the morning for an update on the domestic economy.

  • MELBOURNE, Oct 11- Australian shares are likely to extend losses into a second day on Thursday after U.S. equities sank on corporate warnings of slower growth, though local price moves may be limited ahead of monthly jobs data.

  • WELLINGTON/ SYDNEY, Oct 11- The Australian and New Zealand dollars were firmer against the U.S. dollar while making gains on the euro following an S&P downgrade of Spain, though investors were cautious ahead of Australian job data later in the session.

  • WELLINGTON, Oct 11- New Zealand Oil and Gas Ltd. NZO said it had taken a 6.667 percent stake in the exploration located off the Taranaki coast on the west coast of the North Island. It said it had bought the stake from Global Resource Holdings, LLLP and Randall C Thompson LLC, and would pay $9.5 million in three installments.

  • NEW YORK, Oct 10- Last week, New York Attorney General Eric Schneiderman, who is the co-chairman of the Residential Mortgage-Backed Securities Working Group- which President Obama formed earlier this year to investigate who was responsible for the misconduct that led to the financial crisis- filed a complaint against JPMorgan Chase.

  • WELLINGTON, Oct 11- Following are some of the lead stories from New Zealand metropolitan newspapers on Thursday. Investors snap up shares in steel firm: More of Wellington steel distributor Steel& Tube is back in New Zealand hands after Australian cornerstone shareholder Arrium sold its 50.3 percent stake to pay down some of its significant debt.

  • WELLINGTON, New Zealand-- Australia granted Mike Tyson a visa Wednesday, one week after New Zealand barred the former heavyweight boxing champion from entering that country due to his 1992 rape conviction.

  • *Newcrest Mining slips 1.3 percent as bullion weakens. MELBOURNE, Oct 10- Australian shares pulled back from 14- month highs on Wednesday as lower growth forecasts for China and other regional economies by the International Monetary Fund wiped off gains made by miners on higher iron ore prices.

  • By Gyles Beckford and Cecile Lefort. WELLINGTON/ SYDNEY, Oct 10- The Australian and New Zealand dollars bounced on the euro on Wednesday and held off lows against the U.S. dollar, with a whopping sale of Australian long-dated bonds helping attract demand.

  • MELBOURNE, Oct 10- Australian shares slipped 0.3 percent on Wednesday, pulling back from 14- month highs after the IMF cut its growth forecasts for a second time, sending shares around most of the region lower. climbed 6 percent to $117.20 a tonne, its highest since Aug. 1, according to data provider Steel Index, taking gains to 12.5 percent over the past two days.

  • MELBOURNE, Oct 10- Australian shares slipped 0.3 percent on Wednesday, with falls across the board after a weak lead from Wall Street, while gold miners fell after bullion prices eased offshore.

  • WELLINGTON/ SYDNEY, Oct 10- The Australian and New Zealand dollars held gains on the euro on Wednesday but were on the defensive elsewhere as concerns over Spain continued to simmer and sap risk appetite. *Euro hurt due to uncertainty regarding Greece and Spain.