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CBL Corp says full-year net loss was $75M-$85M on French reserves strengthening
By Jonathan Underhill Feb. 5 (BusinessDesk) - CBL Corp said it will post a full-year loss because of an increase in the future claims reserve for its French construction insurance business and a write-off of receivables in that business. As a result it is planning to raise mor...
Red carpet rolled out for VIPs at China Construction Bank branch opening
By Paul McBeth Feb. 5 (BusinessDesk) - New Zealand’s relationship with China was on show at China Construction Bank’s opening of a local branch, the first overseas lender approved under the Reserve Bank’s dual-registration rules. The opening attracted group chair Tian Guoli...
NZ dollar drops below 73 US cts as rising US wages stoke inflation outlook
By Paul McBeth Feb. 5 (BusinessDesk) - The New Zealand dollar fell below 73 US cents for the first time in almost a week as faster wage growth in the US stoked inflation expectations, pushing up the greenback and yields on US Treasuries. The kiwi traded at 72.92 US cents a...
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