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MARKET CLOSE NZ shares rise; Xero at record, Fletcher gains on Indian plans
Nov. 12 (BusinessDesk) - New Zealand shares rose, nudging the NZX 50 Index back toward the five-year high charted last month, as Australian interest drove Xero to a record and Fletcher Building gained after agreeing to buy a laminated panels business in India. The NZX 50 rose 2...
NZ dollar gains in local trading as Chinese data improves, threats remain
By Paul McBeth Nov. 12 (BusinessDesk) - The New Zealand dollar gained in the local trading session as Chinese data showed the world's second-biggest economy was rebalancing towards domestic consumption, soothing fears of a sharp slowdown. The kiwi rose to 81.58 US cents at 5pm...
Hurricanes first off the block to settle new franchise ownership
By Paul McBeth Nov. 12 (BusinessDesk) - The Wellington-based Hurricanes Super rugby franchise is the first to settle with a new owner 10 months after the New Zealand Rugby Union put out the call for potential bidders. The new entity, Hurricanes Investments LP, will be half-own...
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