Kiwi Income raises $120m

Kiwi Income Property Trust has successfully raised $120 million through the sale of convertible notes.

New Zealand 'on road to recovery'

New Zealand is on the road to recovery after emerging from a "once-in-a-lifetime" crisis in better shape than expected, according to the Government's latest economic and fiscal update.

Recession is over - NZIER

The recession is over and the outlook is improving, according to economic forecasters in the latest NZIER consensus forecasts survey.

Govt mulls spending caps

2:02pm The Government is considering spending caps above which it would not spend in order to deal with intense spending pressure.

NZ stocks make modest gains

NZPA

Early gains by leading stocks helped the New Zealand sharemarket start today's trading with a lift.

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Peter Jackson calls for incentives

Pay-per-visit airport lounge opens for everyone

Maori lay claim to radio spectrum

Christmas a mixed bag for retailers

AMP, AXA deal would send jobs across Tasman

Australians to review CPI survey

Shoppers pick up pace

Citigroup pay cuts to stay in place

Googlephone to make NY debut

NZICT priorities earn praise

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Indices

	VALUE
NZX50	3,118.718	19.921	0.64%
ASX200	4,654.000	18.800	0.40%
DOW	10,500.450	29.000	0.30%
NASDAQ	2,211.890	21.600	1.00%
FTSE	5,315.340	53.800	1.00%
NIKKEI	10,105.680	-2.200	0.00%
H-SENG	22,085.750	183.600	0.80%
NZX50 20 min delay, others last close

Top Movers

	PRICE
PFG	0.030	-0.070	-70.00%
GEN	0.050	-0.010	-16.67%
ATM	0.085	-0.015	-15.00%
LPL	0.310	-0.040	-11.43%
OGC	2.200	0.200	10.00%
CCC	2.500	0.200	8.70%
CUE	0.290	0.020	7.41%
Price as at 3:25 pm, 15 Dec

Currencies

RATE
Australian Dollar	0.795
Euro	0.497
British Pound	0.446
Hong Kong Dollar	5.643
Japanese Yen	64.570
Singapore Dollar	1.013
US Dollar	0.728
Price as at 1:10 pm, 15 Dec

Office party: blowout or low key?

Toyota shows off new hybrid

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Industries

100,000 to get phone redress

Telecom plans to compensate at least 100,000 customers after a "technical fault" in Christchurch cut off the XT mobile network for much of the country.

NZICT priorities earn praise

NZICT’s near-term ICT priorities plan for New Zealand has received praise from representatives of the New Zealand user community following its release.

PGGW issue seen as relatively successful

Citipay reveals repayment plan

Citigroup laid out a plan to repay the money it owes the U.S. government, including issuing about $20 billion of capital, as the bank looks to end the executive pay restrictions that came with the funds.