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State Power's Pacific Hydro purchase underlines value of Australian renewables, Bogoievski says
By Jonathan Underhill Dec. 17 (BusinessDesk) - State Power Investment Corp of China's purchase of Australia's Pacific Hydro, reportedly for more than A$3 billion including debt, underlines the value of that country's renewable energy assets, says Marko Bogoievski, chief execut...
Solution Dynamics lifts profit forecast; shares jump to a record
By Tina Morrison Dec. 17 (BusinessDesk) - Solution Dynamics, the NZAX-listed software company, raised its forecast for annual profit following better-than-expected trading. Its shares jumped to a record. The Auckland-based company expects net profit of more than $850,000 in...
NZ economy grows faster-than-expected 0.9% in third quarter on manufacturing, tourist spending
By Paul McBeth Dec. 17 (BusinessDesk) - New Zealand's economy grew at a faster pace than expected in the third quarter as a rebound in food manufacturing and increased tourism spending stoked activity. Gross domestic product grew 0.9 percent in the three months ended Sept....
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