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Steel & Tube underlying profit falls 9.3% on increased costs, rivalry
By Jonathan Underhill Aug. 12 (BusinessDesk) - Steel & Tube Holdings, whose shares have recovered from a 15-year low in the past two months, posted a 9.3 percent decline in full-year underlying profit as it faced increased costs including for substandard products and "intense"...
Metro Glass crosses Tasman with A$43.1M Aust Glass acquisition
By Paul McBeth Aug. 12 (BusinessDesk) - Metro Performance Glass, which holds more than half of New Zealand's glass processing market, has made a move across the Tasman with the purchase of Australian Glass Group for A$43.1 million. The Auckland-based company has agreed to...
NZ dollar falls as traders ponder future interest rate track after yesterday's cut
By Paul McBeth Aug. 12 (BusinessDesk) - The New Zealand dollar fell back to where it was before yesterday's interest rate cut on expectations a strong currency will ensure the Reserve Bank remains determined to narrow the country's interest rate advantage over its peers. T...
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