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MARKET CLOSE NZ shares fall; Ebos ex-rights, Warehouse, retailers drop
June 12 (BusinessDesk) – New Zealand shares fell, as Ebos Group went ex the rights to buy shares in its offer, Warehouse Group led most retailers lower and a brokerage reportedly removed Trade Me from its favoured portfolio. The NZX 50 Index fell 21.454 points, or 0.5 percent,...
NZ dollar, down 6.1 percent since last RBNZ meeting, little changed before MPS
By Paul McBeth June 12 (BusinessDesk) - The New Zealand dollar was little changed in local trading as investors await Reserve Bank governor Graeme Wheeler’s response to a 6.1 percent slide in the currency against the greenback since his last review. The kiwi traded at 78.76 US...
NZ current account gap not a threat to economic stability, Treasury’s Mahklouf says
By Paul McBeth June 12 (BusinessDesk) - New Zealand’s deteriorating balance of payments won’t threaten the country’s economic stability and isn’t unsustainable, according to Treasury secretary Gabriel Makhlouf. The Treasury expects the country’s current account deficit will ri...
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