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NZ dollar falls vs. euro after Greeks get sweeter deal on bail-out
Nov. 27 (BusinessDesk) - The New Zealand dollar fell versus the euro after Europe's finance chiefs gave Greece easier terms for its 130 billion euro bail-out in a bid to shore up the region's mounting sovereign debt problems. The kiwi traded at 82.25 US cents at 5pm in Welling...
Fonterra units priced at $5.50, top end of range, with 42 percent sold offshore
Nov. 27 (BusinessDesk) - Fonterra Cooperative Group priced its units at $5.50 apiece, the top end of the range proposed in a bookbuild, with strong global demand ensuring 42 percent of the fund has been sold to overseas investors. Units in the $525 million Fonterra Shareholders...
NZ firms trim inflation forecasts, see jobless above 6 percent for 2 years RBNZ survey
By Paul McBeth Nov. 27 (BusinessDesk) - New Zealand financial institutions are picking a slower pace of price increases in the coming year and aren't betting on the unemployment rate dropping below 6 percent for two years, according to a Reserve Bank's survey. Respondents in t...
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