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APN in trading halt pending capital raising
Feb. 19 (BusinessDesk) - APN News & Media, the Australian publisher of the New Zealand Herald newspaper, has halted trading in its shares pending a capital raising. The Sydney-based company, which is due to report its first-half earnings today, has requested a halt in trading,...
Trade Me posts slower earnings growth in 1H, invests for future profits
By Tina Morrison Feb. 19 (BusinessDesk) – Trade Me Group posted a slower pace of earnings growth in the first half of its financial year as New Zealand’s largest online auction site invested in marketing and more staff to improve its service and position it for higher profit gr...
NZ dollar weakest performer as English comments add to downward momentum
By Tina Morrison Feb. 19 (BusinessDesk) – The New Zealand dollar was the weakest performer of major currencies overnight, after comments by Finance Minister Bill English that the kiwi may be 20 percent overvalued added to its downward momentum. The kiwi fell to 83.02 US cents...
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