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Government to sell 20 percent of Air NZ, trimming stake to 53 percent, beating referendum
Nov. 17 (BusinessDesk) – The government is selling 20 percent of Air New Zealand, worth $363 million at Friday’s price, via a bookbuild to institutions and brokers, reducing the Crown’s holding to 53 percent and beating a referendum on asset sales. Craigs Investment Partners, D...
MARKET CLOSE NZ shares mixed as Chorus, Ryman, Blis, Turners gain, Hallenstein, AWF, Rakon fall
By Tina Morrison Nov. 15 (BusinessDesk) – New Zealand shares were mixed, with the NZX 50 Index slipping as Hallenstein Glasson, AWF Group and Rakon fell while Chorus, Turners Auctions, Ryman Healthcare and Blis Technologies rose. The NZX 50 Index climbed 13.104 points, or 0.3...
NZ dollar edges up this week as Yellen confirms Fed tapering caution
By Paul McBeth Nov. 15 (BusinessDesk) - The New Zealand dollar is heading for 0.6 percent gain this week after US Federal Reserve chair nominee Janet Yellen said she doesn’t plan on unwinding the central bank’s massive stimulus programme while the economic recovery is fragile....
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