NZ stocks: Sharemarket softens, but Air NZ takes off
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The Australian Competition Tribunal today gave the greenlight to a proposed alliance between the airline and Qantas -- the same tie-up scuttled last month on this side of the Tasman by the High Court.
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SINGAPORE: Singapore Airlines (SIA) will sell its 6.3 percent stake in Air New Zealand, officially ending its venture in the now government-controlled carrier.
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Share prices in Hong Kong rose Wednesday, led by airline stocks, on falling oil prices. The key Hang Seng Index jumped 155.70 points, or 1.2 percent, to end at 13,672.
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QANTAS Airways shares firmed yesterday following British Airway&#39;s sale of its 18.25 per cent stake in the carrier. BA&#39;s 336 million shares in Qantas were sold to Australian and international institutions at
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THE dollar reversed yesterday&#39;s modest gains to open more than half a US cent weaker today, weighed down on news Axa Asia Pacific had knocked back a takeover proposal from its French parent.
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U.S. stocks retreated on Wednesday, a  day after hitting fresh highs for the year, as news that China  was making efforts to curb overheated growth in its airline  sector hurt airplane manufacturer Boeing Co. BA.N.
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Judging by yesterday&#39;s trading action in shares of sporting goods and apparel company Russell (NYSE: RML) -- the shares were about flat on volume not terribly different than its recent
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Singapore Airlines will sell its 6.5 percent stake in Air New Zealand, the government-controlled New Zealand airline said Tuesday.
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Stocks were little changed on Wednesday as a push to buy beaten-down shares after a steep sell-off in the past week offset persisting concerns about growth and investors' appetite for risk.
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Tokyo's Nikkei stock average fell 0.38  percent by mid-morning on Wednesday as investors took a  breather from the market's recent rises and sold shares of  gainers such as Sharp Corp.
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Singapore Airlines, which splashed out $285 million on Air New Zealand shares four years ago, yesterday sold its stake in the national carrier for about $62 million.
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Shares of Air Canada (AC.TO: Quote, Profile, Research) fell by more than half on Wednesday, after the Toronto Stock Exchange said it was reviewing the company&#39;s stock to determine if it meets listing requirements.
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SINGAPORE: Shares in Chinese stocks listed in Singapore fell yesterday, as the stock exchange moved to limit fallout from the collapse of oil trader China Aviation Oil (Singapore) Corp.
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London shares closed firmer off highs Friday as Wall Street was recovering from lows, with the mining sector the major gainers following news two companies had acquired a stake in Rio Tinto.
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SYDNEY Shares of AXA Asia Pacific Holdings slumped Monday after the European insurer AXA withdrew a 3.4 billion Australian dollar, or $2.
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Leading shares closed weaker in quiet trade as a lack of fresh direction from Wall Street left investors largely sidelined despite fresh M&amp;A news surrounding ICI.
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WELLINGTON (Dow Jones)--The New Zealand Exchange Ltd. (NZX.NZ) said Monday it has suspended Access Brokerage from trading in the stock market, and referred the matter to the Serious Fraud Office, the Securities Commission and the Minister of Commerce.