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Fairfax NZ unshackled from debt, gets $76.5 mln injection from Aust parent in 2015
By Paul McBeth Dec. 16 (BusinessDesk) - Fairfax New Zealand, the local arm of the Australasian publisher, was unshackled from related party debt and the associated interest costs in 2015, while also receiving a $76.5 million injection from its Sydney-based parent. The Well...
NZ lamb exports likely to drop this season amid weak demand in China, UK
By Tina Morrison Dec. 16 (BusinessDesk) - New Zealand farmers are heading for lower returns for their lambs this season amid weakness in the country's two largest export markets in China and the UK. While prices for the first of the new season lambs processed in October and...
Oil explorers retreat to small-scale Taranaki plays in block offer
By Pattrick Smellie Dec. 16 (BusinessDesk) - Oil and gas explorers have reacted to plunging global oil prices by taking up the smallest and most conservative range of new petroleum exploration licences since the government began its annual 'block offer' bidding process in 2012...
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