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NZ dollar drifts lower as investors mull US recovery; RBNZ financial stability report eyed
By Paul McBeth Nov. 12 (BusinessDesk) - The New Zealand dollar drifted lower in local trading as investors mull the prospects of the US economic recovery and look ahead to tomorrow’s financial stability report from the Reserve Bank. The kiwi fell to 82.30 US cents at 5pm in W...

Kiwi Income raised to ‘buy’ at Craigs on ‘earnings accretive’ plan to take management inhouse
Nov. 12 (BusinessDesk) – Kiwi Income Property Trust was raised to ‘buy’ by brokerage Craigs Investment Partners on expectations its plans to internalise management will lift earnings and dividends, while reducing costs. Commonwealth Bank of Australia has agreed to cede manageme...

Vector wades in on 4G spectrum, opposes letting telcos buy more
By Paul McBeth Nov. 12 (BusinessDesk) – Vector opposes antitrust approval being given to dominant mobile phone operators Telecom and Vodafone New Zealand to buy more radio spectrum set aside for fourth-generation mobile technology, saying it would lock out other potential users...