NZ posts trade surplus in February as car imports fall to 5-year low
By Sophie Boot March 26 (BusinessDesk) - New Zealand posted a trade surplus in February as imports and exports both increased, with imports at a high for the month even as car imports fell, Statistics New Zealand said. Goods exports jumped 11 percent to $4.46 billion compar...
Augusta capital raise for air traffic control centre closes oversubscribed
By Sophie Boot March 26 (BusinessDesk) - Augusta Capital says the capital raising for its air traffic control centre in Christchurch has closed oversubscribed and it won't take up any units under its $15 million underwrite. The offer, of a single-asset fund to purchase the...
MARKET CLOSE: NZ shares drop 1% on global selloff, led by Synlait, Sky TV; CBL meeting delayed
By Sophie Boot March 23 (BusinessDesk) - New Zealand's NZX 50 Index dropped nearly 1 percent on global trade news, with Synlait Milk and Sky Network Television suffering while CBL remained in a trading halt as its administrators gained more time to consider its finances. Th...
CBL watershed meeting deadline extended, Goldman Sachs hired as adviser
By Sophie Boot March 23 (BusinessDesk) - The CBL Corp saga will continue, with the company's voluntary administrators postponing the creditors' watershed meeting to gather more information and hiring Goldman Sachs as an adviser. Auckland-based CBL appointed KordaMentha volu...
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