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Sky TV slashes prices to stem customer exodus; cuts dividend to meet challenges
By Paul McBeth Feb. 28 (BusinessDesk) - Sky Network Television has slashed prices in an effort to slow an exodus of customers quitting its pay-TV service in favour of cheaper on-demand rivals and cut its interim dividend in half in an effort to cope with the rapidly changing e...
NZ Refining profit jumps 66%, declares $14.3M cost from pipeline rupture
By Pattrick Smellie Feb. 28 (BusinessDesk) - New Zealand Refining, operator of the country's only oil refinery, declared a 66 percent increase in net profit for the year to Dec. 31, despite repair costs and lost sales totalling $14.3 million from the failure of the pipeline be...
NZ dollar falls as Fed's Powell talks up US economic oulook
By Paul McBeth Feb. 28 (BusinessDesk) - The New Zealand dollar fell as Federal Reserve chair Jerome Powell gave an upbeat assessment of the US economy, stoking expectations for US interest rates to rise and prompting stocks on Wall Street to decline. The kiwi dropped to 72...
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