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NYSE-listed Matson agrees to buy Reef Shipping, extending reach into South Pacific
Dec. 28 (BusinessDesk) – Matson, a NYSE-listed shipping company servicing the northern Pacific, has agreed to buy Reef Shipping from its receivers to extend its reach into the South Pacific. No price was disclosed for the deal in a statement from the Honolulu-based company. Mat...
NZ dollar falls with equities on view US to sail over fiscal cliff
Dec. 28 (BusinessDesk) – The New Zealand dollar fell as US stocks tumbled on concern America is running out of time to avert US$600 billion of tax hikes and spending cuts starting Jan. 1 that threaten to stall the world’s biggest economy. The kiwi dollar fell to 81.83 US cents...
While you were sleeping Hope fades for budget deal
By Margreet Dietz Dec 28(BusinessDesk) - Wall Street sank as Senate Majority Leader Harry Reid warned the US appeared set to head over the so-called fiscal cliff as an agreement between Democrats and Republicans before the year-end deadline seems unlikely. “I don’t know time-wi...
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