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Kiwi Property plans $161m capital raising as Auckland expansion continues
By Sophie Boot June 19 (BusinessDesk) - Kiwi Property Group, the largest property company listed on the NZX, plans to raise $161 million to fund expansion in Auckland as it sees strong growth continuing. The Auckland-based company will sell about 118 million shares at $1.36...
NZ dollar edges back toward 4-month high at start of OCR week
By Jonathan Underhill June 19 (BusinessDesk) - The New Zealand dollar struggled to gain traction against the US dollar after weaker US housing and consumer confidence figures, as traders locally look ahead to the Reserve Bank's rates review on Thursday. The kiwi rose to 72....
World Week Ahead: US rate outlook rethink
By Margreet Dietz June 19 (BusinessDesk) - A host of US Federal Reserve policy makers set to speak in the coming days will be closely watched for fresh hints about the pace and timing of interest rate hikes as some investors questioned the latest increase. The Federal Open...
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