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NZ Energy Corp recuts deal for Origin Energy Taranaki assets
June 18 (BusinessDesk) – New Zealand Energy Corp has recut its troubled deal with Origin Energy for a range of onshore Taranaki oil and gas assets, cutting the purchase price by C$9 million to C$33.5 million, dropping one licence area, and assuming management of Contact Energy’s...
NZ dollar declines in volatile trading as improving US data seen reducing stimulus
By Tina Morrison June 18 (BusinessDesk) – The New Zealand dollar declined in volatile trading as improving US economic data before this week’s Federal Reserve meeting spurred some investors to increase their bets that the central bank may start to reduce stimulus in the world’s...
While you were sleeping Stocks up ahead of Fed
By Margreet Dietz June 18 (BusinessDesk) - Wall Street advanced, though gave up some of its earlier gains, following a Financial Times report that US Federal Reserve Chairman Ben Bernanke will signal the central bank is close to easing its US$85 billion-a-month bond-buying progr...
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