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NZ dollar surges after RBA stays put, Australian data beats expectations
By Paul McBeth March 5 (BusinessDesk) - The New Zealand dollar climbed after the Reserve Bank of Australia kept rates on hold amid an improving economic recovery, and after retail sales and current account data across the Tasman beat expectations. The kiwi climbed to 82.92 US...
MRP share registration site crashes under heavy demand
March 5 (BusinessDesk) - Strong interest in the partial privatisation of MightyRiverPower was apparent today, with some 35,000 people pre-registering their interest in buying shares in the state-owned power company. Despite State-Owned Enterprises Minister Tony Ryall's saying ye...
UPDATE Tax advisers' shock at taxman's latest big avoidance win
By Pattrick Smellie (19th paragraph alters the way evidence of Michael Schubert was initially chararacterised) March 5 (BusinessDesk) - Senior tax practitioners are in shock after the Inland Revenue Department won another key tax avoidance case in the Court of Appeal, with impl...
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