Latest bond tender of NZ$300 mln 2027's received bids for NZ$631 mln and produces average weighted yield 13 bps higher than February auction (3.48% vs 3.35% previously)

Short headline:  NZ Govt Bond tender number 537 results Tweet The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 537 held on March 13, 2015. Tender Date: Friday, March 13, 2015 Bids close: 2.00pm Results: From 2.05pm Settlement Date: Wednesday, March 18, 2015   Mar 13 – #537 Feb 15 – #535 Dec …

US judge rules against Citibank, Argentina in bond dispute

NEW YORK (AP) ” Citibank cannot let its branch in Argentina process payments by the South American country to bondholders unless U.S. bondholders are paid as well, a judge said Thursday.U.S. District Judge Thomas Griesa’s written… Source: NZ HERALD BUSINESS

Brazil's graft inquiry expands to current, ex-Rio governors

RIO DE JANEIRO (AP) ” Brazil’s top appeals court on Thursday approved a request from federal prosecutors to open an investigation into the former and current governor of Rio de Janeiro state in connection to a kickback scheme at state-run… Source: NZ HERALD BUSINESS

Judge approves Trump Entertainment reorganization plan

WILMINGTON, Del. (AP) ” A Delaware bankruptcy judge on Thursday approved the Chapter 11 reorganization plan of Trump Entertainment Resorts, which gives billionaire investor Carl Icahn control of the reorganized company and its Taj… Source: NZ HERALD BUSINESS

Honda running ad campaign to boost recall repairs

DETROIT (AP) ” Honda is launching an unprecedented U.S. ad campaign urging owners to get vehicles repaired if they have been recalled to fix defective air bags.The Japanese automaker will spend several million dollars on ads in… Source: NZ HERALD BUSINESS

Brian Fallow: Trade disputes not so clear-cut

As people turned out to march against the Trans-Pacific Partnership last weekend, one of the issues exercising them was “investor-state dispute settlement” (ISDS).This is commonly portrayed as a mechanism by which multinational… Source: NZ HERALD BUSINESS

Manufacturing rebounds from two-year low

New Zealand manufacturing rebounded from a two-year low in February, led by improvement in new orders and deliveries and a recovery in the petroleum, coal and chemical sector.The BNZ-Business NZ performance of manufacturing index… Source: NZ HERALD BUSINESS

Google targeting unwanted browser software

Get ready to see more red warning signs online as Google adds ammunition to its technological artillery for targeting devious schemes lurking on websites.The latest weapon is aimed at websites riddled with “unwanted software” -… Source: NZ HERALD BUSINESS