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MARKET CLOSE NZX 50 falls from 4-year high, OGC slips with gold price
Sept. 18 (BusinessDesk) - New Zealand shares fell, pushing the NZX 50 Index down from its highest in more than four years, as commodity prices gave up recent gains, weighing on stocks including NZ Oil & Gas and OceanaGold. The NZX 50 fell 12.75 points, or 0.3 percent, to 3804....
Plan for a moribund economy, says BusinessNZ
Sept 18 (BusinessDesk) - More evidence is emerging that the New Zealand economy remains stuck in a subdued, low-growth pattern, with BusinessNZ’s September Planning Forecast report showing the economy is "more or less stagnant." While food and other soft commodities are not taki...
Hugh Fletcher to retire from Fletcher Building board, ending century-long family link
Sept. 18 (BusinessDesk) - Fletcher Building non-executive director Hugh Fletcher will step down from the board of the country's biggest listed construction company, ending his family's link with the firm stretching back more than 100 years. Fletcher will retire at the end of t...
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