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NZ dollar holds above 85 US cts as Chinese imports beat expectations
By Paul McBeth April 10 (BusinessDesk) - The New Zealand dollar held above 85 US cents in local trading after Chinese import figures were ahead of expectations, raising the nations' trade prospects with the world's second biggest economy. The kiwi traded at 85.24 US cents at 5...
Carter Holt's Australian building supplies unit wears A$264M charge as loss widens in 2012
By Paul McBeth April 10 (BusinessDesk) - Carter Holt Harvey, the forest products firm owned by billionaire Graeme Hart, has worn a A$264 million charge on its Australian building supplies group, which widened its loss by 80 percent last year and left it in negative equity. Bui...
Guinness Peat agrees to sell stake in Australian property developer CIC to Peet for A$15 mln
April 10 (BusinessDesk) – Guinness Peat Group, the investment company liquidating its holdings, has agreed to sell 19.9 percent of ASX-listed property developer CIC Australia to Peet Ltd for about $15 million. Peet today announced a cash takeover for all the shares in CIC for 6...
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