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Argosy gets book value for sale of Wakefield St site in Wellington
June 01 (BusinessDesk) - Argosy Property, whose shareholders agreed to corporatise the company after buying out the ANZ Bank-owned manager last year, has announced its second sale in as many days, the property at 221 Wakefield Street in Wellington. The sale price of $4.5 millio...
NZ dollar little changed as investors seek safe havens, US employment figures loom
By Paul McBeth June 01 (BusinessDesk) - The New Zealand dollar was little changed as investors looked to put their money in low-risk assets such as government bonds as Europe's sovereign debt woes drag on, and ahead of US employment figures. The kiwi slipped to 75.24 US cents...
NZ government bond yields fall to record low as euro woes stoke flight to safety
By Paul McBeth May 31 (BusinessDesk) - The yield on New Zealand's benchmark 10-year government bond fell to a record low as investors around the world look for safer places to park their cash amid fears Europe's sovereign debt crisis may escalate. The yield fell 20 basis point...
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