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UPDATE: Asset sales law moves a step forward, MRP float by Sept 30

UPDATE: Asset sales law moves a step forward, MRP float by Sept 30

By Pattrick Smellie June 14 (BusinessDesk) - The government's unpopular asset sales policy took a big step forward this afternoon, passing its Second Reading in Parliament, and is now due for Third Reading and passage into law after committee stages that start next Tuesday, June...

14 Jun 2012
MARKET CLOSE: NZ shares gain; Chorus, Telecom lead NZX 50 gains

MARKET CLOSE: NZ shares gain; Chorus, Telecom lead NZX 50 gains

June 14 (BusinessDesk) - New Zealand shares rose, pushing the NZX 50 Index up 1 percent, led by gains in network company Chorus and Telecom and as some investors bet Sky City Entertainment Group will eventually get its convention hall-for-slots deal. The NZX 50 rose 34.35 point...

14 Jun 2012
NZ dollar edges higher after RBNZ confirms rates on hold

NZ dollar edges higher after RBNZ confirms rates on hold

By Hannah Lynch June 14 (BusinessDesk) - The New Zealand dollar rose after Reserve Bank Governor Alan Bollard left the official cash rate unchanged at a record-low and pointed to risks in Europe and a lower track for interest rates. The New Zealand dollar rose to 77.48 US cent...

14 Jun 2012