MARKET CLOSE: NZ market dives on escalating US-China trade war
By Victoria Young Aug. 6 (BusinessDesk) - The New Zealand share market took a hit in a day of red on signs China may use its currency to stand up to the US in the two countries’ escalating trade war. The S&P/NZX 50 Index fell 178.86 points, or 1.7 percent, to 10,587.17. Wi...
Spark signs up 150 schools to show Rugby World Cup for free
By Victoria Young Aug. 6 (BusinessDesk) - Less than seven weeks out from the Rugby World Cup, Spark says it is offering New Zealanders as many opportunities as possible to watch the tournament, including through 150 rural schools. The telco turned broadcaster has been addr...
MARKET CLOSE: NZ stocks edge higher, led by Contact; Asian markets slide
Aug. 2 (BusinessDesk) - New Zealand shares edged higher despite a slide in Asian markets on renewed concerns for the global trade outlook. Contact Energy led the gainers as local investors prepare for coming earnings. The S&P/NZX 50 Index rose 3.05 points, or 0.03 percent, to...
Huka lodge sale next act in van Heeren-Kidd dispute
By Victoria Young Aug. 2 (BusinessDesk) - The Court of Appeal has appointed receivers to enable the sale of Taupo's exclusive Huka Lodge so that it can be sold as part of a dispute between two businessmen. The appeal court said there are no funding or management issues at...
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