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NZ dollar soars vs. Aust as RBNZ flags rate hike next year, Aussie jobs weak
By Paul McBeth Sept. 12 (BusinessDesk) - The New Zealand dollar jumped more than 1 Australian cent against its trans-Tasman counterpart after the Reserve Bank signalled sharper rate hikes are coming next year, and as weaker employment in Australia kept alive the prospect of anot...
Rio Tinto’s last roll of the dice to NZ govt - give us $60M
By Pattrick Smellie Sept 12 (BusinessDesk) – Tiwai Point aluminium smelter owner Rio Tinto failed to get open-ended government subsidies to lower its electricity and transmission costs, and made a last grab for $60 million rather than the $30 million taxpayer sweetener that sea...
RBNZ expects to see LVR impacts within 6 months, Spencer says
By Paul McBeth Sept. 12 (BusinessDesk) - The Reserve Bank expects to see the impacts of its restrictions on low equity home loans within six months, which it hopes will take the sting out of a heating property market in the country’s two biggest cities, Auckland and Christchurc...
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