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Visy Fined $3.6M in NZ High Court for price fixing in long-running case

Visy Fined $3.6M in NZ High Court for price fixing in long-running case

By Pam Graham Aug. 22 (BusinessDesk) – Visy Board Pty, the Australian cardboard box maker, is paying $NZ3.6 million to settle a price-fixing case in New Zealand, having already been pinged for $A36 million for the same behaviour in Australia. Visy has been ordered to pay a pen...

21 Aug 2013
Vector ekes out 2.3 percent gain in FY profit as technology unit bolsters earnings

Vector ekes out 2.3 percent gain in FY profit as technology unit bolsters earnings

By Paul McBeth Aug. 22 (BusinessDesk) - Vector, the Auckland-based electricity, gas and telecommunications network operator, lifted net profit 2.3 percent, missing estimates, as its technology unit bolstered sagging earnings from traditional energy revenue streams. Net profit...

21 Aug 2013
NZ dollar falls to two-week low as broad support seen for Bernanke’s tapering plans

NZ dollar falls to two-week low as broad support seen for Bernanke’s tapering plans

By Tina Morrison Aug. 22 (BusinessDesk) – The New Zealand dollar fell to a two-week low after minutes of the Federal Reserve’s last meeting signalled the central bank may start tapering its bond buying programme next month, a move that would strengthen the greenback. The kiwi f...

21 Aug 2013