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Quadrant cedes control of Summerset in selldown via UBS NZ; stock halted
March 18 (BusinessDesk) – Quadrant Private Equity is ceding control of Summerset Group Holdings after agreeing to sell 40 million shares in the retirement village operator through brokerage UBS New Zealand. The sale amounts to 18.6 percent of the shares of Summerset, leaving th...
NZ dollar dips on concern Cyprus will shoot down EU-devised bailout
March 18 (BusinessDesk) – The New Zealand dollar fell at the open after Cyprus delayed a vote on austerity measures that are part of a 10 billion euro bailout devised by euro zone finance ministers and would result in the island’s depositors losing some of their savings. The ki...
World Week Ahead Cyprus threat ahead
By Margreet Dietz March 18 (BusinessDesk) – A much-maligned weekend deal to rescue Cyprus from financial collapse appears set to unravel within days and could renew concerns about the euro zone and its continuing debt crisis. Whether that flows across the Atlantic and dampens...
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