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NZ dollar drops after weaker Chinese manufacturing, higher Australian inflation
By Tina Morrison July 24 (BusinessDesk) – The New Zealand dollar dropped after a preliminary report showed Chinese manufacturing was weaker than expected, raising concerns the world’s second-largest economy is losing momentum. The kiwi fell as low as 79.45 US cents from 80.01 c...
Credit Suisse fund sees insurance losses ‘well below’ US$1 bln from Wellington quake
July 24 (BusinessDesk) - The 6.5-magnitude earthquake in Cook Strait last Sunday isn’t expected to lead to big insurance losses, which global financial services firm Credit Suisse expecting it to come in below US$1 billion. Credit Suisse has told investors in its insurance-lin...
Infratil seeks fourth annual increase in fee pool for board
By Tina Morrison July 24 (BusinessDesk) – Infratil, New Zealand’s largest publicly listed infrastructure investor, wants to increase the pool of fees for its directors by 2.3 percent and also raise fees for directors of some subsidiaries. The company will ask shareholders at i...
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