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MARKET CLOSE: NZ stocks rise on interest rate outlook; dairy shares gain
Markets

MARKET CLOSE: NZ stocks rise on interest rate outlook; dairy shares gain

By Gavin Evans July 11 (BusinessDesk) -  New Zealand stocks rose, joining a rally across Asia, as renewed prospects for deeper rate cuts in the US made equity investments more appealing. Dairy stocks also firmed. The S&P/NZX 50 Index increased 37.18 points, or 0.3 percent,...

Gavin Evans 11 Jul 2019
NZ dollar rides higher on Powell’s dovish testimony
Markets

NZ dollar rides higher on Powell’s dovish testimony

By Rebecca Howard July 11 (BusinessDesk) - The New Zealand dollar continued to tick higher after dovish comments by US Federal Reserve chair Jerome Powell increased the prospects of deeper rate cuts there at the end of the month. The kiwi was trading at 66.67 US cents at 5p...

Rebecca Howard 11 Jul 2019
Retirement village watchdog calls for clarity on rules, costs
Policy

Retirement village watchdog calls for clarity on rules, costs

By Rebecca Howard July 11 (BusinessDesk) - New Zealand’s government retirement village watchdog says there needs to be more clarity regarding the rules and costs of moving from independent living to rest home-type care facilities on the same site. According to the Commissio...

Rebecca Howard 11 Jul 2019