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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...
Fisher & Paykel Appliances on hiring spree after ramping up R&D
By Jonathan Underhill Aug. 5 (BusinessDesk) - Fisher & Paykel Appliances, the home-appliance maker acquired by China's Haier in 2012, is seeking some 40 workers for research and development after opening a new design centre at its Auckland headquarters. The company spent ab...
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