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Steel & Tube lifts profit 15% as Tata Steel acquisition boosts sales
By Suze Metherell Aug. 15 (BusinessDesk) - Steel & Tube, which manufacturers steel building products, lifted annual profit 15 percent as its sales were boosted from its April purchase of a stainless steel goods maker. Profit rose to $17.9 million, or 20.4 cents a share, in...
NZ dollar pops above 85 US cts as local economy seen outperforming US, Europe
By Tina Morrison Aug. 15 (BusinessDesk) - The New Zealand dollar popped above 85 US cents as better than expected data contrasted with weaker economic reports in the US and Europe, enhancing the lure of local assets. The kiwi touched a 10-day high of 85.14 US cents overnigh...
While you were sleeping: Euro-zone GDP stalls
By Margreet Dietz Aug. 15 (BusinessDesk) - Equities on both sides of the Atlantic advanced amid expectations that central banks will remain more accommodating than previously expected to help spur the pace of recovery and counter the impact of international conflict. In lat...
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