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MARKET CLOSE January rally takes NZX50 to highest since Oct 2007
Jan 30 (BusinessDesk) – New Zealand shares rallied again as a “whiff of recovery” emerges about the forthcoming earnings season, amid an accumulation of more promising news about the world economy. The NZX50 Index shot to 4,247.546, its highest since late October 2007, before th...
NZ dollar rises ahead of Thursday’s central bank statements
Jan. 30 (BusinessDesk) – The New Zealand dollar fell late in the day ahead of tomorrow’s Reserve Bank of New Zealand (RBNZ) review of the official cash rate, current set at 2.5 percent. The kiwi was at 83.16 US cents at 5pm, down from 83.61 US cents at 5pm on Tuesday. The focus...
Departures, explanations and a trading update for Sanford shareholders
Jan 30 (BusinessDesk) – Sanford Ltd has informed shareholders of the retirement of its managing director and an experienced board member, and explained how it has fixed things after copping a multi-million-dollar fine from a US court. The fishing company also said it has made a...
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