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Wellington, Aug 1 NZPA - Last week's Reserve Bank cut to the Official Cash Rate is continuing to benefit beleaguered homeowners with Kiwibank announcing it is easing mortgage rates.
Wellington, Aug 1 NZPA - Retailer Postie Plus Group says aggressive restructuring and extremely difficult trading conditions in the second half of this year will result in a full year trading loss of between $6.5 million and $7.5 million.
Wellington, Aug 1 NZPA - The New Zealand dollar bounced around in a half cent range against the greenback overnight, holding above recent 10-month lows.
By 8am the kiwi was buying US73.39c, having moved between about US73.15c and US73.65c.
Wellington, Aug 1 NZPA - British biofuel producer Argent Energy says it is shelving plans to invest more than $100 million in New Zealand.
Dickon Posnett, managing director of Argent Energy's New Zealand subsidiary, said the proposed Biofuels Bill made the playing field too uneven.
Wellington, Aug 1 NZPA - Yesterday's court ruling on The Warehouse is seen raising the prospects that the retail chain's founder, Stephen Tindall, could step back into the fray.
Wellington, July 31 NZPA - Bank of New Zealand chief executive Cameron Clyne, 40, will take up his new role as head of Australasia's biggest lender, the Melbourne-based National Australia Bank at the start of next year.
Wellington, July 31 NZPA - New Zealand exporters of medium density fibre (MDF) board are coming under the scrutiny of an Indian government anti-dumping investigation.
Wellington, July 31 NZPA - ASB said it has no direct exposure to the US sub-prime mortgage market or related collateralised debt obligations and funds more than half its lending from local savings and investments.
Wellington, July 31 NZPA - Mainfreight, the logistics company that started in modest circumstances 30 years ago, plans to have more than $2 billion of revenue, and 400 branches around the world by 2012.
Wellington, July 31 NZPA - Real estate agent Barfoot & Thompson says it has formed an association with Savills Australia.
Barfoot, which is a major player in the Auckland property market, said it would retain its independence.
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