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NZ dollar gains as geopolitical fears wane, stoking risk appetite, demand for yield
By Jonathan Underhill May 8 (BusinessDesk) - The New Zealand dollar rose as waning geopolitical concerns revived investors' risk appetite and demand for growth-linked currencies offering higher returns. The kiwi dollar rose to 69.23 US cents as at 5pm in Wellington from 69....
Record car sales boost Holden NZ, Mercedes-Benz NZ revenue in 2016
By Rebecca Howard May 8 (BusinessDesk) - Revenue at Holden New Zealand and Mercedes-Benz New Zealand rose in calendar 2016 as new car sales continue to top records, but both companies also reported a higher cost of sales, largely to related entities, which weighed on net profi...
First trade ministerial advisory group 'collegial', McClay says
By Paul McBeth May 8 (BusinessDesk) - The first gathering of a ministerial advisory group set up to help drive the government's public outreach on international trade started with a meeting of the minds on trade's importance to New Zealand's economy, says Trade Minister Todd M...
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