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AMP Capital selling kiwi dollar in expectation of decline
By Paul McBeth April 17 (BusinessDesk) - AMP Capital New Zealand, which manages more than $18 billion of assets, anticipates the kiwi dollar will start falling, and has started reducing its holdings in the local currency. The New Zealand dollar rose to a post-float high 81.03...
BNZ’s new CEO Healy expects benefit from expanding economy, targeted investment
By Tina Morrison April 17 (BusinessDesk) - Bank of New Zealand’s incoming chief executive Anthony Healy expects the lender to benefit from the nation’s burgeoning economy as he targets investment in higher growth areas such as agri-business. New Zealand’s economy is expected to...
Genesis Energy soars on debut, leading fellow energy companies higher
By Suze Metherell April 17 (BusinessDesk) – Shares in the partially privatised Genesis Energy soared 18 percent at their debut listing on the NZX this afternoon, buoying other listed energy companies in the process. Genesis climbed 27.5 cents to $1.825 after listing, giving hol...
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