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NZ Dollar Outlook: Kiwi may gain as G7 leaders meet, RBA looms
By Hannah Lynch June 05 (BusinessDesk) - The New Zealand dollar may rise this week as leaders of the Group of Seven nations meet to discuss Europe’s debt crisis and the Reserve Bank of Australia reviews monetary policy amid speculation it will slash the cash rate. The New Zeal...
Telstra in talks with Vodafone to sell TelstraClar unit in NZ
June 05 (BusinessDesk) - Telstra, Australia’s biggest phone company, said it is in talks with Vodafone over the possible sale of its TelstraClear unit in New Zealand. Telstra “was approached by, and is in discussions with, Vodafone New Zealand to explore the potential sale of...
Cushings lift holding in Kirkcaldie to 19.55%, just under takeover threshold
By Hannah Lynch June 05 (BusinessDesk) - Selwyn and David Cushing have lifted their stake in Kirkcaldie & Stains, the iconic Wellington department store owner, to 19.55 percent. The Cushing family’s investment arm, H&G Ltd., increased its holding in the company from 18.49 perc...
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