The Fonterra deal had been tipped to go through in the first half of this year.
Can Fletcher finally break its billion-dollar cycle of blunders and write-downs?
The birth rate in the People's Republic of China fell to a record low.
The S&P/NZX 50 Index closed at 13,556.87, up 139.70 points or 1.04%.
Contact reported a sharp drop in forward prices as hydro storage rose.
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