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NZ dollar pares decline at start of data-heavy week; Chinese manufacturing slows
By Paul McBeth July 1 (BusinessDesk) - The New Zealand dollar pared losses in local trading as investors prepare for a new quarter in what’s expected to be a data-heavy week, with central bank meetings and US employment figures. The kiwi rose to 77.70 US cents at 5pm in Wellin...
Argosy Property to raise $87M in 1-for7 rights issue at 89 cents apiece
July 1 (BusinessDesk) – Argosy Property plans to raise about $87 million in a rights issue to repay bank debt used to acquire properties this year. The company plans to sell shares at 89 cents apiece in a one-for-seven renounceable offer, it said in a statement. The offer is un...
UPDATE NZ shares fall 0.3 percent after trading resumes following glitch
July 1 (BusinessDesk) - The NZX 50 index fell 0.3 percent after trading on New Zealand’s stock market resumed after a three-hour outage over connectivity issues. The benchmark index dropped 14 points when markets reopened at 3pm in New Zealand, and was recently at 4413.521, dow...
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