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MARKET CLOSE NZ share fall, led by Nuplex on charges for plant closures
Sept. 24 (BusinessDesk) - New Zealand shares fell, led by Nuplex Industries, after the specialty chemicals maker said charges to consolidate its operations would dent 2013 profit. Hallenstein Glasson Holdings led a rally in retailers. The NZX 50 Index fell 0.42 points, or 0.01...
Solid Energy cuts a quarter of workforce as Spring Creek put in stasis, trims Huntly East workers
Sept. 24 (BusinessDesk) - Solid Energy, the state-owned coal miner forced to write down investments in renewable energy projects, will slash 25 percent of its workforce because of a slump in the price of coal. Total jobs will reduce to 1,360 from 1,800 as Spring Creek Mine is p...
NZ dollar falls as European jitters re-emerge, sapping appetite for risk-sensitive assets
By Paul McBeth Sept. 24 (BusinessDesk) - The New Zealand dollar fell in local trading as re-emerging fears about the health of Europe's heavily indebted economies sapped investors' appetite for higher-yielding, or riskier, assets and pushed stocks down across Asia. The kiwi fe...
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