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MARKET CLOSE: NZ shares gain led by A2 Milk; Xero reaches 3-year high
By Jonathan Underhill July 31 (BusinessDesk) - New Zealand shares rose led by A2 Milk amid optimism it will stand to benefit from Chinese efforts to reduce the number of infant formula brands available in its market, while Xero reached a three-year high as investors were drawn...
NZ dollar treads water ahead of key data later in week
By Rebecca Howard July 31 (BusinessDesk) - The New Zealand dollar inched higher as the greenback remains out of favour and investors await key data later in the week. The kiwi traded at 75.06 US cents at 5pm versus 74.99 US cents at 8am in Wellington, having reached 75.23 c...
Tesbrit gets greenlight to buy up to 49.9% of 2degrees should the opportunity arise
By Rebecca Howard July 31 (BusinessDesk) - Tesbrit BV has been granted Overseas Investment Office approval to buy up to 49.9 percent of Two Degrees Mobile should the opportunity arise, valuing the country's third-biggest mobile operator at about $552 million. The European...
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