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NZ dollar benefits from weaker greenback; focus on domestic CPI
By Rebecca Howard July 15 (BusinessDesk) - The New Zealand dollar dipped on weak China trade data but pared those losses as investors continue to expect lower interest rates in the US. The kiwi was trading at 66.81 US cents at 7:50am in Wellington versus 66.90 cents late Fr...
Loss-making firms to get R&D refunds in proportion to payroll
By Pattrick Smellie July 12 (BusinessDesk) - Loss-making companies that invest in eligible research and development will be able to claim cash refunds in proportion to their payroll figures from the 2020/21 tax year. The policy, hidden in an omnibus tax bill tabled in Parli...
MARKET CLOSE: NZ stocks mixed on rate outlook; Trustpower leads decliners
By Gavin Evans July 12 (BusinessDesk) - New Zealand stocks were mixed with thin local corporate news insufficient to extend gains earlier in the week. The S&P/NZX 50 Index increased 14.11 points, or 0.1 percent, to 10,701.43. Within the index, 18 stocks gained, 20 fell, and...
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