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Telecom sells AAPT for A$450M to TPG Telecom
By Paul McBeth Dec. 9 (BusinessDesk) - Telecom Corp, the country’s biggest telecommunications company, has sold its Australian AAPT unit for A$450 million to ASX-listed internet service provider, TPG Telecom, beating initial expectations of what the unit would go for. The Gold...
World Week Ahead Fed guessing continues
By Margreet Dietz Dec. 9 (BusinessDesk) – Investors will have to make it through another week of the “will they, won’t they taper this month”-guessing game before US Federal Reserve policymakers next meet on December 17-18. Clues might come on Monday when Richmond Fed Bank Pres...
MARKET CLOSE NZX50 falls to two-month low as Chorus drops further
By Tina Morrison Dec. 6 (BusinessDesk) – New Zealand shares fell, dragging the benchmark NZX50 to a two-month low, as investors cut their holdings in Chorus and other stocks that may face regulatory risk. The NZX 50 dropped 6.426 points, or 0.1 percent, to 4713.523, the lowest...
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