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NZ dollar plunges on report of low inflation
Jan 18 (BusinessDesk) - The New Zealand dollar shed more than half a US cent on weaker than expected consumer price index (CPI) data on Friday. The kiwi fell about 60 basis points to 83.46 US cents but recovered to be 83.54 cents at 5pm. That compared to 84.10 cents at 8am and 8...
Govt savings bodies close to saturation point with NZX shares
Jan.18 (BusinessDesk) – Government pension and savings funds collectively own more than 5 percent of 47 companies listed on the NZX and more than 10 percent of 17 companies. The analysis of combined market power of Accident Compensation Compensation, New Zealand Super Fund, Gove...
UPDATE Clegg moves to take over rest of New Image and delist
Jan 18 (BusinessDesk) - New Image Group’s chairman Graeme Clegg is moving to take the colostrum-based health tonic maker private, saying a market listing no longer makes sense. On the same day the company disclosed the bid it announced the resignation of chief financial officer...
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