Contact Energy to buy back $100 mln of shares in absence of capital projects
By Paul McBeth Oct. 15 (BusinessDesk) - Contact Energy, whose cornerstone investor Origin Energy sold out in August, plans to buy back up to $100 million shares through the rest of the financial year, as a lack of large capital projects free up cash for investors. The Welli...
CORRECT: Nib to buy OnePath Life's medical business for $24.7 mln, extending New Zealand reach
(Fixes headline, lede, and 5th graph to show purchase of medical insurance unit, updates shares in last graph) By Paul McBeth Oct. 15 (BusinessDesk) - Nib Holdings, the ASX-listed insurer which bought Tower's medical insurance unit in 2013, has extended its reach into the l...
Govt to scale back share of funding in primary growth partnership R&D
By Paul McBeth Oct. 15 (BusinessDesk) - The government wants the agricultural sector to inject more money into research and development, and will pare back its share of funding through the primary growth partnership for new projects from December. The government will reduce...
European Commission to seek mandate for FTA talks with New Zealand, Australia
By Paul McBeth Oct. 15 (BusinessDesk) - The European Commission will seek a mandate to start negotiating free trade agreements with New Zealand and Australia as the executive body for the European Union as the region launches a new trade strategy. The commission today relea...
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