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AAP

NZ banks now in gun over penalty fees

Wellington, May 14 NZPA - A lawsuit that could be worth hundreds of millions of dollars is now targeting New Zealand banks over expensive penalty fees, following similar multibillion action across the Tasman.

Government Under Fire Over Balibo 5 Killings

Wellington, Dec 8 NZPA - The Newspaper Publishers' Association (NPA) has welcomed an admission by a former Indonesian colonel that five journalists including a New Zealander were intentionally killed in 1975, but has criticised the New Zealand government for its failure to act.

TelstraClear's EBIT More Than Doubles

TelstraClear's EBIT More Than Doubles
Wellington, Aug 13 NZPA - TelstraClear says consumers do not like to give up their broadband access even in a recession and that has helped it more than double annual earnings before interest and tax.

Telstraclear's Profit More Than Doubles

Telstraclear's Profit More Than Doubles
Wellington, Aug 13 NZPA - TelstraClear said earnings before interest and tax (Ebit) more than doubled to $18 million in the year to June 30 from a year ago. The increase in Ebit from $7.5m in the same period last year was achieved on a 2.8 percent increase in revenue to $703m.

Kiwibank Boss Says Model Would Work In Australia

Kiwibank Boss Says Model Would Work In Australia
Wellington, July 8 NZPA - Kiwibank's boss thinks the bank's business model would work well in Australia and provide competition to the big four banks.

NZ Company Gets A Slice Of New Australian Uranium Action

Wellington, June 3 NZPA - Local managed investment fund Minvest Securities (New Zealand) Ltd is taking a stake in an Australian uranium group with a large resource.

Alcopops Maker Looks At Pulling Production Back To New Zealand

Alcopops Maker Looks At Pulling Production Back To New Zealand
Wellington, May 25 NZPA - New Zealand's Independent Distillers Group says it is looking at moving its Australian manufacture of popular alcohol mixed drinks such as Vodka Cruiser and Woodstock Bourbon to this side of the Tasman.

RBA Says Aust Well Placed When Global Growth Resumes

Sydney, May 19 AAP - Reserve Bank of Australia (RBA) governor Glenn Stevens says the nation is well placed to profit from a recovery in global growth, which might get under way by the end of this year.

Stakes High For Key's First Forum Meeting

By Maggie Tait of NZPA Wellington, Jan 25 NZPA - Prime Minister John Key says unless the Pacific Islands Forum shows leadership by sending a strong message to Fiji on the need for democracy, another body will have to step up.

Valad Sells 11 Properties In NZ For $41.2m

Valad Sells 11 Properties In NZ For $41.2m
Wellington, Dec 17 NZPA - Australian-based Valad Property Group Ltd has sold 11 properties in New Zealand for $41.2 million about 18 months after it said it was expanding here. The company said nine of the 11 properties were depots leased to Carter Holt Harvey.

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