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Zimbabwe sees GDP growth at 3.7pc

Zimbabwe raised its budgeted 2009 spending and increased wages for state workers, saying it planned to issue a government bond for grain purchases.

Nokia cuts sales forecast

Reuters

nokia phone The world's top cellphone maker Nokia Oyj cut its profitability and market share forecasts due to tough competition, sending its shares sharply lower.

IMF downbeat on UK outlook

Reuters

The UK economy will shrink sharply in 2009 before edging into growth in 2010, and the government should make clear plans to reduce borrowing when recovery comes, the International Monetary Fund said.

Lloyds cutting 1200 more jobs

Reuters

Lloyds Banking Group said it is cutting 1200 jobs in its group operations and insurance business, taking its layoffs to over 8000.

Toyota to build hybrid in UK

Reuters

toyota auris Toyota will begin production of its first European-built full hybrid car in England in mid-2010.

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Market midday: NZ shares chip higher at noon

Port's shares rise on news of record profit

APN posts A$45m interim net loss

Kiwibank announces $37.9m profit

PDI looks to $75m investment

Profit leap for Vital Healthcare

Fonterra chairman mum on share-trading scheme

Mine allowed to resume work

Rebuild slower than thought - Fletchers

Treaty obligations to stay in SOE sales law

Tourism Holdings to sell new building

APN director resigns in protest over 'governance' issues

Kiwi dollars slips

Shake-up in insurers' responses

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