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NZ dollar climbs above 79 US cts as Greek election result quells investor nerves
By Paul McBeth June 18 (BusinessDesk) - The New Zealand dollar rose above 79 US cents for the first time in more than a month after Greece elected parties that are likely to sign up to Europe's austerity measures. The kiwi rose to 79.29 US cents at 5pm from 78.88 cents at 8am...
Rinehart lifts Fairfax stake to 18.7% as shares climb on restructuring news
By Paul McBeth June 18 (BusinessDesk) - Australian mining magnate Gina Rinehart lifted her stake in Fairfax Media to 18.7 percent, strengthening her case for a board seat as the media company cuts back on printing and puts content behind a digital paywall to counter sliding adve...
Fairfax shares climb 7.4% as market welcomes digital paywall in major overhaul
By Paul McBeth June 18 (BusinessDesk) - Shares in Fairfax Media jumped 6.9 percent after the media company battling to contain costs as consumers migrate to the internet for news announced it is paring back its print business and will introduce a digital paywall. From next yea...
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