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Smiths City reaps 4 percentage points of savings switching to ANZ from F and P Finance
April 17 (BusinessDesk) - Smiths City Group, the Christchurch-based retailer, has reaped some 400 basis points of savings on its credit facilities by switching to Australia & New Zealand Banking Group from Fisher & Paykel Finance, ending a 30-year relationship. Smiths City has...
NZ dollar slips after tepid 1Q inflation meets expectations
By Paul McBeth April 17 (BusinessDesk) - The New Zealand dollar fell in local trading after tepid first-quarter inflation meet market expectations, and reaffirmed the prospects low interest rates will stay in place. The kiwi fell to 84.62 US cents at 5pm in Wellington from 85....
NZ Education Ministry launches lawsuit against James Hardie over leaky schools
By Paul McBeth April 17 (BusinessDesk) - New Zealand's Ministry of Education has launched a representative action against two James Hardie Industries subsidiaries and other parties, claiming several thousand schools buildings are leaky and is seeking repair costs and damages....