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NZ dollar weakens after positive US data

NZ dollar weakens after positive US data

By Tina Morrison Nov 28 (BusinessDesk) – The New Zealand dollar weakened as investors bet positive US data increases the chances the Federal Reserve will taper its monetary stimulus soon, bolstering the greenback. The kiwi slipped to 81.24 US cents at 8am in Wellington, from 81...

27 Nov 2013
While you were sleeping Jobless claims, HP surprise

While you were sleeping Jobless claims, HP surprise

By Margreet Dietz Nov 28 (BusinessDesk) – Wall Street advanced amid better-than-expected US jobs data and earnings including from Hewlett-Packard, bolstering optimism about the outlook for the world's largest economy and corporate profits. Shares of Hewlett-Packard jumped, last...

27 Nov 2013
Pengxin, Synlait founders cross 90 percent  threshold in Synlait Farms takeover

Pengxin, Synlait founders cross 90 percent threshold in Synlait Farms takeover

Nov. 27 (BusinessDesk) - Shanghai Pengxin, which bought the Crafar family farms in a controversial deal last year, and the Synlait founders have cross the 90 percent compulsory acquisition threshold in their $85.7 million takeover bid for Synlait Farms. SFL Holdings, a joint v...

27 Nov 2013