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NZ dollar may fall vs. euro, pound amid signs of recovering European economies
By Paul McBeth Aug. 12 (BusinessDesk) - The New Zealand dollar may fall this week against the euro and the British pound amid expectations the European and UK economies are turning a corner. The kiwi rose to 60.30 euro cents at 5pm in Wellington from 59.72 cents last week and...
King Country Energy minorities extracted higher price from Mangahao than Todd got paid
By Jonathan Underhill Aug. 12 (BusinessDesk) – A group of minority shareholders in King Country Energy extracted more for their shares than the issue price at which Todd Energy sold down its Mangahao Power Station stake, raising concern the deal gave Todd control of the company...
Port of Tauranga buys $37.2 mln property to expand South Auckland operations
Aug 12 (BusinessDesk) - Port of Tauranga, the country’s biggest export port, has spent $37.2 million buying property in Onehunga to expand its inland port operations in South Auckland. The 6.8 hectare property is adjacent to Port of Tauranga’s MetroPort inland operation, and i...
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