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MARKET CLOSE NZ shares drop, paced by Warehouse, Hallenstein, Kathmandu
By Suze Metherell Jan. 23 (BusinessDesk) - New Zealand shares fell as the market joined a region-wide decline, and was paced by retailers after the Warehouse Group joining Hallenstein Glassons in issuing a profit warning. The NZX 50 Index fell 39.263 points, or about 0.8 perce...
NZ dollar falls on weak Chinese manufacturing, Fed tapering talk
By Paul McBeth Jan. 23 (BusinessDesk) - The New Zealand dollar fell as weaker than expected Chinese manufacturing data raised concerns about the world’s second biggest economy, and amid speculation the US Federal Reserve will further reduce its stimulus when it reviews policy ne...
NZ consumer confidence at pre-recession highs
Jan. 23 (BusinessDesk) - New Zealand consumers are the most upbeat they’ve been since the double-dip recession which began before the 2008 global financial crisis, underpinning the prospects for strong economic growth this year. The ANZ Roy Morgan consumer confidence index rose...
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