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NZ dollar gains as dovish Fed comments point to 50-bps US cut
By Rebecca Howard July 19 (BusinessDesk) - The New Zealand dollar rose after dovish comments from New York Federal Reserve President John Williams increased expectations for a steeper rate cut in the US at the end of the month. The New Zealand dollar was trading at 67.82 a...
RBNZ says no change in approach on Resolution Life's AMP purchase
By Jenny Ruth July 18 (BusinessDesk) - The Reserve Bank says it hasn’t changed its approach to applications for changes of ownership of life insurance companies and nor has there been any change in New Zealand insurance law or regulations since October 2018. That was when A...
MARKET CLOSE: NZX50 hits record as yield stocks remain in vogue
By Paul McBeth July 18 (BusinessDesk) - New Zealand shares outperformed Asia as companies offering reliable dividends helped lift the benchmark index to a record. Meridian Energy and Z Energy led the market higher. The S&P/NZX 50 Index rose 86.29 points, or 0.8 percent, to...
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