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NZ dollar climbs to 2-week high vs. A$ as Australian inflation misses forecast, RBNZ looms
By Paul McBeth April 23 (BusinessDesk) - The New Zealand dollar rose to a two-week high against its trans-Tasman counterpart after Australian inflation came in below expectations, leaving the Reserve Bank of Australia with room to keep interest rates on hold, while the local ce...
Equity crowd funding, latest step in much-hyped social capital, carries risks, high failure rate
By Suze Metherell April 23 (BusinessDesk) – Equity crowd funding, which became legal in New Zealand this month, comes with a high risk of failure based on figures showing existing forays into social capital have a success rate of less than 50 percent, one new entrant says. The...
McDonald’s NZ lifts annual sales by 5.8 percent in year of Georgie Pie relaunch
By Jonathan Underhill April 22 (BusinessDesk) – McDonald’s Restaurants (New Zealand), the local arm of the world’s largest fast food chain, had a 5.8 percent gain in sales in 2013, the year it relaunched the Georgie Pie brand after a decade-long hiatus. Sales were $216.6 millio...
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