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NZX plans new market with fewer rules to attract smaller companies, replacing NZAX
By Suze Metherell March 18 (BusinessDesk) – NZX, New Zealand’s stock market operator, plans a new market with less disclosure obligations to attract smaller companies, eventually replacing the New Zealand Alternative Market, the NZAX. Wellington-based NZX launched the alternat...
Nufarm to take A$39M charge on Aussie restructure; NZ unit under review
March 18 (BusinessDesk) - Nufarm, the agricultural chemicals manufacturer, will take an A$39 million charge against this year’s results to close plants, service centres and back office functions to bolster returns. The company, which makes herbicides and pesticides, plans to clo...
Chorus tells High Court it wants regulator’s pricing review set aside
By Paul McBeth March 18 (BusinessDesk) - - Chorus, whose shares have tumbled 53 percent in the past two years because of price cuts imposed by the regulator, wants the Commerce Commission’s review of network pricing set aside, the High Court heard today. The network operator to...
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