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NZ dollar rises as Greece's New Democracy party takes the lead
By Hannah Lynch June 18 (BusinessDesk) - The New Zealand dollar rose after Greece’s New Democracy party opened up a narrow lead in the second round of elections, with the result likely to see the indebted nation stay in the euro-zone. The New Zealand dollar rose to 78.88 US ce...
World Week Ahead: Central banks on radar
By Margreet Dietz June 18 (BusinessDesk) - Eyes are on the world’s major central banks as investors have been reassured that the outcome of Sunday’s elections in Greece – which will become clearer within the next few hours – won’t be allowed to send financial markets into a tai...
Savings group proposes national tithing to fund pensions
By Pattrick Smellie June 17 (BusinessDesk) - A major new report on the pension system proposes New Zealanders gradually lifting their savings to 10 percent of annual income, and allowing the age of entitlement fir the universal state pensions to move up as life expectancy incre...
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