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While you were sleeping Germany, France talking again
Aug. 28 (BusinessDesk) – Germany’s DAX 30 Index rose 1.1 percent, leading gains across the region, after France and Germany agreed to work together on proposals for fiscal, banking and monetary union. Agreement on a broader joint effort to strengthen the euro zone was announced...
MARKET CLOSE NZ shares rise after Chorus posts maiden profit, Xero falls
By Hannah Lynch Aug. 27 (BusinessDesk) - New Zealand shares rose led by Chorus after the network operator posted a maiden profit and flagged a 25.5 cent dividend for its first full year as a standalone entity. Xero fell to a 2 ½-month low after saying it had no explanation for t...
Key hanging tough on pre-Christmas asset sales
By Pattrick Smellie Aug. 27 (BusinessDesk) - Prime Minister John Key is hanging tough on the government's intention to sell up to 49 percent of the state-owned power company MightyRiverPower before Christmas, arguing the government is already working with Maori to recognise legi...
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