News in Brief
News in Brief
Beijing Holdings BAIC lifts Wrightson stake
Beijing Holdings BAIC has continued to lift its stake in PGG Wrightson, buying another 755,000 shares for $1.9 million, an average price of $2.57 a share.The Hong Kong investment company, which is ultimately controlled by Beijing Capital Agribusiness and Foods Group, now owns 10...
OceanaGold resumes digging in New Zealand
OceanaGold has resumed mining and exploration activities at both its Macraes and Waihi gold mines. The gold miner also reaffirmed its production guidance for 2020, saying it expects to produce between 360,000 and 380,000 ounces of gold this year at an estimated all-in-sustaini...
RBNZ needs to "spike the punch"
Westpac Bank is expecting the central bank to slash the official cash rate another 75 basis points to minus 0.50 in November this year."Monetary policy not only needs to come to the party, it needs to spike the punch," said chief economist Dominick Stephens.There are two things t...
Eroad quarterly sales rise
Eroad said growth continued in the fourth quarter with many of its customers providing essential services, and its expectations for the 2020 financial year are unchanged.The transport tech services company added 3,951 units in the three months to March 31, bringing annualised gro...
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