Telstra to join Southern Cross Cable, diluting Spark shareholding
By Paul McBeth Dec. 18 (BusinessDesk) - Australian telco Telstra will join Southern Cross Cable Network's SX NEXT project as an anchor customer and take a quarter stake in the trans-Pacific underwater link operator. Telstra will inject new equity for a 25 percent stake in...
Aged care, tourism first in line for temporary migrant sector agreements
By Paul McBeth Dec. 18 (BusinessDesk) - Residential aged care and the tourism and hospitality sectors are at the front of the queue in offering to develop the local workforce in exchange for easier access to temporary migrant workers. Immigration Minister Iain Lees-Gallowa...
NZ dollar edges back above US68c ahead of business confidence survey
By Paul McBeth Dec. 18 (BusinessDesk) - The New Zealand dollar edged back above 68 US cents ahead of today's local business confidence survey, which has remained in the doldrums despite relatively robust economic growth. The kiwi traded at 68.02 US cents as at 8am in Welli...
MARKET CLOSE: NZ shares follow Asian rally; exporters F&P Health, A2 gain
By Paul McBeth Dec. 17 (BusinessDesk) - New Zealand shares rallied late in the trading session to follow Asian markets higher, led by export-focused firms including Fisher & Paykel Healthcare and A2 Milk. The S&P/NZX 50 index increased 23.08 points, or 0.3 percent, to 8,74...
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