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While you were sleeping Chinese data raise concern
By Margreet Dietz March 5 (BusinessDesk) - Wall Street fell as the latest data on China's services industries raised concern about the strength of the world's second-largest economy, just as US$85 billion of US federal spending cuts are kicking in. China's non-manufacturing Pur...
Downside risk in use of macro-prudential tools, warns RBNZ
By Pattrick Smellie March 4 (BusinessDesk) - Yanking the levers of the banking system to choke off a credit cycle boom requires care, since there's no guarantee how people will start borrowing again once the lever is released, the Reserve Bank of New Zealand says. "A counter-cy...
MARKET CLOSE NZ shares fall on fundraising for Sky TV sale; Auckland Airport drops
March 4 (BusinessDesk) – New Zealand shares fell from near a 5-year high after Rupert Murdoch’s News Ltd said it will sell a 44 percent stake in Sky Network Television at a discount, prompting investors to liquidate other holdings to free up funds. The NZX 50 Index declined 64....
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