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Summerset lifts annual sales 26% in 2015 on new developments
By Paul McBeth Jan. 7 (BusinessDesk) - Summerset Group lifted occupation rights sales 26 percent in 2015 as the retirement village operator and developer benefited from an expanding foot print across the country, which will continue this year. The Wellington-based company...
NZ dollar gains vs. Aussie amid concerns about Chinese slowdown
By Tina Morrison Jan. 7 (BusinessDesk) - The New Zealand dollar advanced against the Australian dollar as investors deemed Australia's commodity exports would be harder hit by a slowdown in China than New Zealand's. The kiwi jumped to 93.98 Australian cents at 8am in Wellin...
While you were sleeping: China, Korea, oil worries
By Margreet Dietz Jan. 7 (BusinessDesk) - Wall Street fell as oil prices dropped below US$35 a barrel for the first time since 2004, while North Korea claimed a successful test of its first hydrogen bomb, and China’s central bank intervened again to weaken the yuan. “This...
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