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Glass Earth to raise C$3M in private placement for Hauraki developments

Glass Earth Gold is raising as much as C$3 million in a private placement in Canada to raise funds to develop its Neavesville and WKP projects in the Hauraki region. The placement follows Glass Earth’s announcement last month that it had gained rights to take over the Neavesville gold and silver prospect from Canadian resource developer Eurasian Minerals. The WKP …

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Chorus wins in push-back against proposed copper pricing, faces smaller reductions

Chorus, the telecommunications network operator, won’t have to cut its prices for copper-line services as deeply as initially feared after the antitrust regulator set pricing over the unbundled copper local loop. The Commerce Commission has set the new geographically averaged price at $23.52 per month per line from Dec. 1, 2014, a 3.9 percent reduction to the prices set in …

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NZ dollar little changed vs. Oz dollar as RBA, RBNZ rate reviews awaited

  The New Zealand dollar was little changed against the Australian dollar amid expectations the Reserve Bank of Australia will cut its benchmark interest rate this week while New Zealand’s central bank will keep rates unchanged, narrowing the premium offered across the Tasman. The New Zealand dollar traded at 78.59 Australian cents from 78.65 cents in New York on Friday. …

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World Week Ahead: Fiscal, economic challenges

The agonisingly slow rate of progress in talks to avoid the fiscal cliff in the US with now less than a month to reach an agreement will remain the key focus for investors this holiday season. Progress is difficult to discern, if not absent at this point. Last week President Barack Obama warned of “prolonged negotiations”, while House of Representatives …

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Wheeler to leave interest rates unchanged as inflation stays benign for now

Reserve Bank governor Graeme Wheeler will probably keep the official cash rate unchanged at a record low this week because there’s little sign that renewed life in the housing market and Christchurch’s rebuild is stoking inflation yet. Wheeler will leave the OCR unchanged at 2.5 percent on Thursday, according to all 12 economists in a Reuters survey. Looking out over …

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50 NZ business leaders swing in behind Government as TPP negotiations resume

Senior  business leaders have signed an open letter to Prime Minister John Key in support of the Trans Pacific Partnership (TPP) negotiations which get underway again in Auckland today.  See – TPP – Open Letter The TPP negotiations have been under attack within New Zealand over their lack of transparency, sovereignty concerns and impact on intellectual property platforms. But the business …

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500 trade negotiators are in Auckland for the 15th round of TPP talks

Negotiators from 11 countries gather in Auckland today at Sky City Convention Centre for the 15th round of the Trans-Pacific Partnership (TPP) talks. Outside the door are activists of all persuasion – human rights campaigners, anti-free traders, and consumer protection campaigners – who don’t like what is happening what happening behind closed doors. TV3 reports the NZ government has been …

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TPP trade talks matter for New Zealanders and jobs

By Stephen Jacobi TPP negotiators meet in Auckland this week to further a plan to create jobs and growth. Everyone agrees — an unemployment rate of 7.2 per cent is unacceptably high. What is less clear is what can be done about it. New Zealand is not alone in this problem — the International Labour Organisation has forecast that in …

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China From The Inside – Women of the Country Episode 2 of 4

Episode 3 of 4 is scheduled for 11am Sunday December 9 You Tube comment:  “Communism was the main force worldwide that fought for women’s rights and gender equality. Still today, China is one of few countries that gives full access for women to ALL military positions, where labor rate for women is virtually the same as for men (around 90%), …

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