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Xero's ASX listing prospectus sees more losses, capital needs
By Paul McBeth Oct. 8 (BusinessDesk) - Xero, the cloud accounting software firm, expects to make more losses in its push to become a global player and may raise more cash to pay for those plans, according to its prospectus for a secondary listing on the ASX. The Wellington-bas...
MARKET CLOSE NZ shares rise led by yield stocks; TrustPower, Contact, freight firms up
By Hannah Lynch Oct. 8 (BusinessDesk) - New Zealand shares rose to a fresh four and a half year high as investors were drawn to stocks with relatively appealing dividend yields. The gainers were paced by the Warehouse Group, and electricity companies TrustPower and Contact Energ...
NZ dollar pares loss as US election raises questions for Fed
By Paul McBeth Oct. 8 (BusinessDesk) - The New Zealand dollar pared its loss from Friday when strong US jobs figures stoked demand for the greenback, with the possibility of a new US President raising question marks over the US Federal Reserve's monetary policy under a new admin...
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