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NZ first-quarter terms of trade fall as weaker commodity prices weigh on exports
June 01 (BusinessDesk) - New Zealand's terms of trade fell in the first three months of the year as a decline in commodity prices weighed on exports, with dairy prices falling for the third straight quarter even as volumes rose. The terms of trade, which measures how much impor...
Origin Energy agrees to sell TAWN fields to NZ Energy for C$42M plus earnouts
June 01 (BusinessDesk) - Origin Energy agreed to sell its interest in four Taranaki licences to New Zealand Energy Corp, a Canadian-listed oil and gas company for about C$42 million and a share of future royalties. Origin, which also owns half of Contact Energy, will sell its T...
Argosy gets book value for sale of Wakefield St site in Wellington
June 01 (BusinessDesk) - Argosy Property, whose shareholders agreed to corporatise the company after buying out the ANZ Bank-owned manager last year, has announced its second sale in as many days, the property at 221 Wakefield Street in Wellington. The sale price of $4.5 millio...
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