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NZ dollar drops as RBNZ's surprise update raises expectations for August rate cut

NZ dollar drops as RBNZ's surprise update raises expectations for August rate cut

By Paul McBeth July 14 (BusinessDesk) - The New Zealand dollar dropped after the Reserve Bank said it will give its view on the economy next week given the long lead-in time to the next policy review on August 11, raising expectations it may be poised to cut rates next month. ...

Paul McBeth 14 Jul 2016
ACC sought $158mn in Budget 2016, got $26.4mn, Treasury papers show

ACC sought $158mn in Budget 2016, got $26.4mn, Treasury papers show

By Edwin Mitson July 14 (BusinessDesk) - The Accident Compensation Commission requested an extra $158 million in funding for 2016/17 from the government ahead of Budget 2016, but Treasury instead recommended an interim payment of just $26.4 million be funded to tackle demograp...

Edwin Mitson 14 Jul 2016
Mobile payment app firm Pushpay expands from faith to utilities and seeks ASX listing

Mobile payment app firm Pushpay expands from faith to utilities and seeks ASX listing

By Fiona Rotherham July 14 (BusinessDesk) - Pushpay Holdings is planning an ASX listing by the end of the year and is expanding its mobile payment app beyond the religious sector to helping people pay bills for utilities such as water and insurance. At the company’s annual...

Fiona Rotherham 14 Jul 2016