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NZ Post annual profit drops 34% after sale of Kiwibank stake
By Tina Morrison Sept. 11 (BusinessDesk) - New Zealand Post's annual profit fell by a third after it sold almost half of its stake in Kiwibank. Net profit fell to $93 million in the 12 months ended June 30, from $141 million a year earlier, the state-owned enterprise said i...
NZ retail spending extends decline in August as hospitality, durable goods sales dip
By Sophie Boot Sept. 11 (BusinessDesk) - New Zealand retail spending on electronic cards edged lower in August as expenditure on eating out and durable household items dipped. Retail spending on credit and debit cards decreased 0.2 percent in seasonally adjusted terms from...
NZ dollar retreats from month-high as election looms, commodity prices fall
By Jonathan Underhill Sept. 11 (BusinessDesk) - The New Zealand dollar fell from a month-high with no clear favourite for the upcoming general election and a drop in commodity prices in New York on Friday. The kiwi was trading at 72.66 US cents as at 8:30am in Wellington, l...
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