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MARKET CLOSE NZ shares fall as Chinese manufacturing slows; Heartland, OGC drop
Aug 1 (BusinessDesk) - New Zealand shares fell from a 2 ½-month high as figures showing China's manufacturing expanded at the slowest pace in eight months weighed on equity markets and investors await the outcome of central bank meetings in the US and Europe. The NZX 50 index f...
Failed Pacific Fibre too risky for Super Fund
By Paul McBeth Aug 1 (BusinessDesk) - Pacific Fibre, which today pulled the plug on plans to build another international telecommunications cable linking New Zealand with the rest of the world, was too risky a proposition for the New Zealand Superannuation Fund to invest in. T...
NZ dollar rises above 81 US cts as Chinese manufacturing slows; Fed, ECB loom
Aug 1 (BusinessDesk) - The New Zealand dollar rose above 8 1 US cents in local trading as official Chinese figures showed manufacturing in the world's second-biggest economy is still growing, albeit at a slower pace, and ahead of the European and US central bank meetings. The...
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