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MARKET CLOSE NZ shares drop on Cyprus uncertainty, Pumpkin Patch result

MARKET CLOSE NZ shares drop on Cyprus uncertainty, Pumpkin Patch result

March 18 (BusinessDesk) – New Zealand shares fell as risk appetite worldwide was rattled by events in Cyprus and after retailer Pumpkin Patch said inventory disruptions and tough trading hurt sales in its first half. The NZX 50 Index fell 46.031 points, or 1.1 percent, to 4341....

18 Mar 2013
NZ dollar holds near recent lows as Cyprus fears sap risk appetite

NZ dollar holds near recent lows as Cyprus fears sap risk appetite

March 18 (BusinessDesk) – The New Zealand dollar held near its recent lows following the euro-zone’s bailout plan for Cyprus that included clipping the island’s bank deposits, stoking concern the same demand could occur in nearby nations and spark a run on banks. The kiwi dolla...

18 Mar 2013
Government backs down on car park tax

Government backs down on car park tax

By Kristen Paterson The Government has abandoned controversial plans to impose a tax on employee- paid carparks in Wellington and Auckland after a backlash that rallied opponents ranging from unions to business lobbies. Finance Minister Bill English said today in a statement t...

18 Mar 2013