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Fewer horses sold at Karaka but clearance rate up
Jan. 30 (BusinessDesk) - New Zealand Bloodstock’s 2013 premier sale wrapped up at Karaka on Tuesday with 323 of the 441 lots sold. The total raised of $51.05 million was $3.085 million less than in 2012, with 27 fewer horses sold. The sale average of $158,054 is a 2 percent inc...
Lower rates favoured more than higher by shadow board
Jan 30 (BusinessDesk) – The members of a “shadow board” looking over the shoulder of Reserve Bank of New Zealand governor Graeme Wheeler are more in favour of a cut in the official cash rate than a rise. Economists widely expect Wheeler to hold the official cash rate at 2.5 perc...
While you were sleeping Pfizer, Eli Lilly lift mood
By Margreet Dietz Jan 30 (BusinessDesk) - Better-than-expected profit outlooks from drug makers Pfizer and Eli Lilly bolstered Wall Street, while a rise in US home prices also underpinned optimism that the economic recovery is kicking into gear. Shares of Pfizer gained, last up...
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