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NZ dollar climbs above 80 US cts for 1st time in a month amid lull in US data, volatility dwindles
By Paul McBeth July 23 (BusinessDesk) - The New Zealand dollar rose above 80 US cents for the first time in a month as a lull in US data keeps traders unsure as to where the Federal Reserve is leaning in its plan to unwind its stimulus programme, and as volatility in financial m...
Canterbury Uni vice-chancellor Rod Carr appointed as Reserve Bank chairman
July 23 (BusinessDesk) - University of Canterbury vice-chancellor and former Reserve Bank deputy governor Rod Carr has been appointed chairman of the central bank by Finance Minister Bill English. Carr will replace Arthur Grimes, who spent 11 years as the Reserve Bank’s chair,...
Synlait Milk jumps 19 percent in NZX debut after raising $75M without general public offer
July 23 (BusinessDesk) – Synlait Milk jumped 19 percent in its NZX debut after raising $75 million in an initial public offering that was restricted to clients of brokers and institutional investors. The shares first traded at $2.62 compared with the IPO price of $2.20. They we...
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