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MARKET CLOSE Late rally as NZ shares beat global gloom
March 19 (BusinessDesk) - New Zealand shares rallied late in the day, after suffering from the same negative sentiment induced in other overseas markets by the banking crisis in Cyprus. The NZX 50 Index rose 4.016 points, or 0.093 percent, to 4,345.040 after spending most of th...
NZ dollar little changed as RBA minutes confirm rate views, Cyprus worries linger
March 19 (BusinessDesk) – The New Zealand dollar was little changed after the Reserve Bank of Australia released minutes of its last policy meeting, giving little further in the way of clues to its interest rate intentions. The kiwi dollar traded at 82.48 US cents, little chang...
GPG hires broker to promote standalone Coats, begins search for chair
By Kristen Paterson March 19 (BusinessDesk) - Guinness Peat Group has hired a London-based brokerage to promote Coats as a standalone business and begun the search for a chairman for what will be its remaining asset. GPG is exiting its portfolio of investments, apart from Coat...
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