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Apex and PAG Asia Led Consortium Acquiring Lexmark for $3.6 Billion

Apex and PAG Asia Led Consortium Acquiring Lexmark for $3.6 Billion

Lexmark International Inc. headquartered in Lexington, Kentucky, agreed to be bought by an Apex Technology Co. and PAG Asia Capital led consortium. The deal for the laser printer maker is valued at $3.6 billion.

Intuitive Surgical Inc Reported Profits in the First Quarter Surpassing Expectations

Intuitive Surgical Inc Reported Profits in the First Quarter Surpassing Expectat

On Tuesday, for the first quarter, Intuitive Surgical Inc reported better than expected profit on increased use of its da Vinci robots in the United States for general surgeries like hernia. The company increased its full-year outlook for growth in procedure.

Albert Brantley appointed as head of Otakaro Limited

Albert Brantley appointed as head of Otakaro Limited

Albert Brantley, the former Chief Executive Officer of Genesis Energy, has been appointed as the head of Christchurch rebuild agency Otakaro Limited.

New Zealand dollar rose above 70 US cents

New Zealand dollar rose above 70 US cents

According to the latest data released, the New Zealand dollar rose above 70 US cents for the first time in around ten months amid speculation that the Federal Reserve might not raise interest rates and the Reserve Bank will not reduce its benchmark rate.

In New Zealand Farm Dairy Farm Prices Slipped in the March Quarter

In New Zealand Farm Dairy Farm Prices Slipped in the March Quarter

Real Estate Institute of New Zealand said that the price of dairy farms continued to drop in the first quarter of 2016.

According to the institute, average sales price per hectare for dairy farms dropped to $33,897 when compared to $36,687 in the three months till Feb and $37,761 in the March quarter, last year. The institute said the average dairy farm size in the March quarter was 121 hectares.

The Dairy Farm Price index scaled 4.3 percent in the March quarter but slipped 15.9 per cent when compared to the same period one year ago.

Inflation Rate Low in the March Quarter Mainly Due to Low Petrol Prices

Inflation Rate Low in the March Quarter Mainly Due to Low Petrol Prices

Inflation increased a little in the quarter that ended in March as cheaper fuel prices were balanced with higher cigarette prices.

In the first quarter of the year, the Consumers Price Index increased 0.2 percent overturning the decline of the earlier quarter's 0.5 percent.

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