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MARKET CLOSE: NZ shares fall; Telecom departs NYSE, Steel & Tube gains
June 8 (BusinessDesk) – New Zealand shares fell, paced by Telecom as the biggest company on the bourse said it would delist its NYSE-traded American depositary receipts and that it would meet profit guidance by cutting costs. Steel & Tube, which is to drop out of the NZX 50 Index...
NZ dollar falls as Bernanke shies off QE3, saps investor optimism
By Paul McBeth June 08 (BusinessDesk) - The New Zealand dollar ended a five-day rally as US Federal Reserve chair Ben Bernanke shied away from hinting at injecting more stimulus into the world's biggest economy, sapping investors' confidence for riskier, or higher-yielding, asse...
Warehouse granted approval to delist from ASX
By Hannah Lynch June 08 (BusinessDesk) - Warehouse Group, the biggest retailer on the NZX 50 Index, has been given approval to delist from the Australian stock exchange after high costs forced it to review its duel listing. The retailer has complied with the conditions set out...
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