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Warehouse expects first-half earnings to fall by up to 28%
By Rebecca Howard Jan. 11 (BusinessDesk) - Warehouse Group expects first-half adjusted earnings from continuing operations to fall 22-to-28 percent as it keeps investing to transform the business. The Auckland-based company said first-half adjusted net profit from continui...
NZ dollar hits fresh 3-month high amid reports China may scale back US govt bond buying
By Paul McBeth Jan. 11 (BusinessDesk) - The New Zealand dollar rose to a new three-month high as reports China may cut its purchases of new US government bonds weighed on Wall Street and the greenback. The kiwi rose as high as 72.28 US cents and traded at 71.90 cents as at...
Pace of NZ property value gains almost halves in 2017 as housing market cools
By Paul McBeth Jan. 11 (BusinessDesk) - New Zealand property values rose at almost half the pace of the prior year in 2017 as tighter lending criteria, restrictions on highly leveraged loans, and electoral uncertainty took the wind out of the local housing market, Quotable Val...
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