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NZ retail spending on credit, debit cards rises 0.4 percent in July, core retailing weak
Aug. 9 (BusinessDesk) - New Zealand retail spending on credit, debit and charge cards rose in July, though the gain was almost entirely driven by spending on fuel, while core retailing dropped for the first time in four months. Total retail billings rose 0.4 percent, seasonally...
Rio Tinto abandons sale of Tiwai Point and other smelters
By Pattrick Smellie Aug 9 (BusinessDesk) - Global metals giant Rio Tinto has told shareholders it has given up trying to sell four Australasian aluminium smelters and associated assets, including the Tiwai Point smelter. The announcement that Rio will "bring the assets back in...
NZ dollar rises as investors unwind bets on Federal Reserve tapering monetary stimulus
By Tina Morrison Aug 9 (BusinessDesk) – The New Zealand dollar rose to its highest in almost two weeks as investors unwound bets the greenback would advance amid uncertainty about when the Federal Reserve will begin tapering monetary stimulus. The kiwi jumped to 80.17 US cents...
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