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MARKET CLOSE NZ shares fall with global equities, commodities; OGC, Fonterra down

New Zealand shares fell, as weaker economic data from China and the US weighed on equity markets and commodity prices. OceanaGold, NZ Oil & Gas and Fonterra Shareholders’ Fund were among decliners. The NZX 50 Index fell 26.87 points, or 0.6 percent, to 4427.83. Within the index, 30 stocks fell, 11 rose and nine were unchanged. Turnover was $157 million. …

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Woosh declares $2.4M loss, depends on parent for its future

New Zealand wireless broadband provider Woosh Wireless has reported a $2.4 million loss for the 10 months to Aug. 31, with notes to the accounts disclosing the company relies on funding from its Californian-based 75 percent shareholder, Craig Wireless Systems, to meet its cash needs. TSX-listed CWS, in turn, warned investors last November that its own resources were strapped after …

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