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NZ dollar little changed as investors reluctant to take positions amid US government stalemate
By Tina Morrison Oct. 4 (BusinessDesk) – The New Zealand dollar was little changed as investors are reluctant to take bets until a standoff on US budget talks is resolved. The kiwi was at 82.89 US cents at the 5pm market close in Wellington, from 82.91 cents at 8am this morning...
MARKET CLOSE NZ shares fall on Meridian IPO, US impasse; Z Energy at post-float high
Oct. 4 (BusinessDesk) – New Zealand shares fell in subdued trading, paced by Pumpkin Patch, Auckland International Airport and Kathmandu Holdings as investors freed up funds for the Meridian Energy sale and the US budget shutdown sapped risk appetite. Z Energy rose to a post-flo...
Solid Energy declares $335 mln loss after asset writedowns, restructure costs
By Pattrick Smellie Oct. 4 (BusinessDesk) – Financially distressed state-owned coal miner Solid Energy has declared a $335 million loss for the year to June 30, reflecting writedowns in the value of its assets of $215.3 million and restructuring costs of $102.2 million. The com...
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