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Tower names Hancock as new chief executive, replacing Flannagan
By Tina Morrison July 2 (BusinessDesk) – Tower named director David Hancock as its new chief executive, replacing Rob Flannagan who resigned from the general insurer in March. Hancock, who is a director of Tower Ltd and Tower Capital Ltd starts in the new role today for a two-y...
NZ dollar edges up as investors increase holdings following 6.7 percent quarterly slide
By Tina Morrison July 2 (BusinessDesk) – The New Zealand dollar edged up as investors increased their holdings in the local currency after a 6.7 percent slide last quarter amid expectations super-loose monetary conditions in the US will end this year. The kiwi rose to 78.01 US...
While you were sleeping US manufacturing brightens
By Margreet Dietz July 2 (BusinessDesk) - Manufacturing data from the US was better than expected, as were those from Europe, but China's data offered another sign that growth in the world's second-largest economy is dimming. In the US, the Institute for Supply Management's ind...
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