The stock traded as low as $2.48 this afternoon, before recovering to $2.50.

Industry concern the decision will make New Zealand less attractive to international mining investors.

TV presenter is one of six former students at Victoria University to get “distinguished alumni” honours.

The kiwi has tumbled more than 4 US cents this month, providing some relief for companies that make sales in greenbacks.

Treasury officials say house price inflation is seen peaking in the 2013 and 2014 years at 7.1%.

The sector, which accounts for about 70% of economic activity, last month expanded at the fastest pace since October.

The deal adds 74 electronic gaming machines and six gaming tables to its existing operations in the resort town.

Expectations of an American economic recovery lure investors to the world's largest economy and the greenback.

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