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Experts On Plans For Pacific Fibre Undersea Cable Connection

Experts On Plans For Pacific Fibre Undersea Cable Connection

A group of New Zealand entrepreneurs has launched a $900 million bid to build a new, high-capacity undersea cable linking Australia, New Zealand and the US.

BNZ Announces No Excess Payments For Burglary Claims

BNZ Announces No Excess Payments For Burglary Claims

Individuals who purchase SelectaDNA, a new theft deterrent, alongside their BNZ insurance policy and use it to mark their personal property will no longer need to pay a standard excess if they make a home burglary claim*.

Wellington Hotels Coped Better Than Expected Over The Last 12 Months

Wellington hotels have come through a difficult and challenging year and are well placed to improve performance in a changing operating environment.

Fitch Affirms Suncorp-Metway Limited's Ratings; Outlook Negative

Fitch Affirms Suncorp-Metway Limited's Ratings; Outlook Negative

Fitch Ratings-Sydney-11 March 2010: Fitch Ratings has today affirmed the ratings of Suncorp-Metway Limited (Suncorp) and maintained the Negative Outlook on Suncorp's Long-term Issuer Default Rating (IDR). A full list of rating actions can be found at the end of this release.

Australian Data Snap: February Employment +400; U-rate "steady" At 5.3%; Neutral For Rba

Employment rose by an underwhelming +400 in February (median +15 000): although the skew towards full-time (+11 400) at the likely expense of part-time (-11 000) supports a strong labour market theme. Nevertheless, the soft headline print disappointed the hawks.

Kordia Welcomes Pacific Fibre Initiative

Kordia Welcomes Pacific Fibre Initiative

Kordia CEO Geoff Hunt is welcoming the initiative from Xero boss Rod Drury to build a high-capacity undersea fibre cable connecting New Zealand, Australia and the USA.

Fitch Revises Bendigo And Adelaide Bank's Outlook To Positive

Fitch Revises Bendigo And Adelaide Bank's Outlook To Positive

Fitch Ratings-Sydney-11 March 2010: Fitch Ratings has today affirmed Bendigo and Adelaide Bank Limited's (BEN) Long-term Issuer Default Rating (IDR) at 'BBB+', Short-term IDR at 'F2', Individual rating at 'B/C, Support rating at '3' and the Support Rating Floor at 'BB'.

Christchurch Hotels Coped Better Than Expected Over The Last 12 Months

Christchurch Hotels Coped Better Than Expected Over The Last 12 Months

Christchurch hotels have come through a difficult and challenging year and are well placed to improve performance in a changing operating environment.

Manufacturing Expansion Gains Further Foothold In February

Manufacturing Expansion Gains Further Foothold In February

Ongoing strength in new orders meant manufacturing remained in positive territory for the second month of 2010, according to the BNZ - Business NZ Performance of Manufacturing Index (PMI).

Food Prices Fall In February

Food Prices Fall In February

Food prices fell 1.3 percent in the February 2010 month, following a 2.1 percent rise in January, Statistics New Zealand said today.