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Vector inks gas sales with Fonterra, steel and power companies
June 11 (BusinessDesk) - Vector, Auckland gas, electricity and telecommunications networks owner, has extended its firmly contracted gas, with 5 petajoules of annual gas contracts signed with three major industrial users. The new contracts, with Fonterra Cooperative Group, New...
NZ Dollar Outlook: Kiwi may rise on Spanish rescue deal as RBNZ looms
By Hannah Lynch June 11 (BusinessDesk) - The New Zealand dollar may finish the week higher as markets digest a 100 billion euro rescue package for Spain's banks and the Reserve Banks review the official cash rate on Thursday. The New Zealand dollar recently traded at 77.63 US...
Lombard Finance receivers likely to make claim against third parties, report says
By Paul McBeth June 11 (BusinessDesk) - The receivers for failed lender Lombard Finance & Investments has trimmed the top end of expected recoveries, and is likely to make a claim against third parties as they seek to claw back funds for jilted investors, according to their late...
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