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MARKET CLOSE: NZ shares rise, bolstered by F&P Healthcare patent dispute

MARKET CLOSE: NZ shares rise, bolstered by F&P Healthcare patent dispute

By Rebecca Howard May 17 (BusinessDesk) - New Zealand shares rose, boosted by news that health appliance firm ResMed dropped a complaint against Fisher & Paykel Healthcare at the US International Trade Commission and offsetting largely tepid trading as weak international leads...

Tina Morrison 17 May 2017
NZ dollar may extend decline vs euro as carry trade loses lustre

NZ dollar may extend decline vs euro as carry trade loses lustre

By Paul McBeth May 17 (BusinessDesk) - The New Zealand dollar may extend its decline against the euro and other cross-rate currencies on concern the carry trade - where investors borrow at low interest rates to buy higher-yielding assets - will be eroded by US rate hikes as so...

Paul McBeth 17 May 2017
More working solo parents trims long-term welfare cost by $1.7B in 2016

More working solo parents trims long-term welfare cost by $1.7B in 2016

By Paul McBeth May 17 (BusinessDesk) - An increase in the number of sole parents shifting into work from a benefit is behind the bulk of a $1.7 billion reduction in the theoretical long-term cost of New Zealand's welfare bill, the latest actuarial valuation shows.  The annu...

Paul McBeth 17 May 2017