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Infratil, NZ Super Fund stand to triple their money on Z Energy investment
By Jonathan Underhill July 26 (BusinessDesk) – Infratil and the New Zealand Superannuation Fund stand to at least triple their money on Z Energy in next month’s initial public offering, having used their financial strength to buy the former Shell assets when markets were still r...
CORRECT NZ dollar surges after the Reserve Bank signals interest rates are headed up
(Corrects third paragraph to add ‘removal’ of monetary stimulus, updates rates) By Tina Morrison July 26 (BusinessDesk) - The New Zealand dollar surged after the central bank yesterday signalled interest rate hikes were on the horizon, increasing the lure of local assets. The...
Cash trading on New Zealand stock exchange surges in first half, driven by equities
By Tina Morrison July 26 (BusinessDesk) – Cash trading on the NZX surged in the first half of the year as more equities changed hands. The total value traded rose 56 percent to $20.8 billion from the same period a year earlier, market operator NZX said in a statement. The numbe...