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Higher energy costs and dollar knock NZ Steel FY2012 earnings
By Patrick Smellie Aug. 20 (BusinessDesk) - The strength of the New Zealand dollar against the greenback and higher utility costs are the primary reasons given for a 21 percent fall in reported earnings before interest and tax at the local unit of the Australian steel maker Blue...
MARKET CLOSE NZ shares rise to four-year high before Telecom, Fletcher results
Aug. 20 (BusinessDesk) - New Zealand shares rose to their highest level since May 2008 on expectations the biggest companies on the bourse, Telecom and Fletcher Building, will post earnings growth this week, while Rakon announced expansion in China. The NZX 50 Index rose 21.42...
NZ dollar gains as investors pare bets on more US money printing, Fed minutes loom
By Paul McBeth Aug. 20 (BusinessDesk) - The New Zealand dollar rose in local trading as upbeat data in the US eroded expectations the Federal Reserve will embark on a third round of asset purchases and as the minutes from the American central bank’s last meeting loom. The kiwi...
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