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Board of inquiry approves Tainui's Ruakura inland port designation
By Pattrick Smellie Aug. 5 (BusinessDesk) - Tainui Group Holdings and its partner in a massive land development proposal north of Hamilton are a step closer to turning earth following a draft approval to re-designate 800 hectares around Ruakura from rural to use for employment...
Reserve Bank of Australia reiterates stable outlook for interest rates
By Jonathan Underhill Aug. 5 (BusinessDesk) - The Reserve Bank of Australia kept the cash rate unchanged at 2.5 percent and reiterated that a "period of stability" in interest rates is warranted given the outlook for inflation. Governor Glenn Stevens released a statement th...
NZ dollar little changed vs. A$ as RBA keeps rates on hold, sees inflation in check
By Paul McBeth Aug. 5 (BusinessDesk) - The New Zealand dollar was little changed against its trans-Tasman counterpart after the Reserve Bank of Australia kept the key rate unchanged and said it expected inflation to remain in check. The kiwi traded at 91.26 Australian cents...
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