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By Melanie Carroll of NZPA
Wellington, July 15 NZPA - The sharemarket plumbed new three-year lows today despite a mildly positive start, succumbing to pressure from offshore markets and worse than expected inflation.
Wellington, July 15 NZPA - The New Zealand dollar strengthened today mainly in response to a weak US unit, and despite rising expectation the Reserve Bank will ease rates, possibly as early as next week.
Wellington, July 15 NZPA - Telecom is building a new environmentally friendly base in central Wellington, to house around 1700 employees currently in six properties.
Wellington, July 15 NZPA - Bridgecorp founder Rod Petricevic is understood not to have paid the nearly $600,000 required to stave off bankruptcy proceedings by the deadline of 5pm today.
Wellington, July 15 NZPA - A dispute over a proposed subdivision near Wanaka involving an Irish billionaire and one of New Zealand's richest men went to the Supreme Court and the billionaire lost.
Wellington, July 15 NZPA - The improvement in New Zealand's electricity supply over an unusually dry winter was due more to good management than the lucky arrival of rainfall, the Government said today.
Wellington, July 15 NZPA - The national voluntary power savings campaign will run for its planned six weeks, ending in a fortnight, as South Island hydro lake storage levels remain low.
Wellington, July 15 NZPA - Investor confidence in New Zealand rallied over the previous quarter despite investors predicting inflation and the economy would continue to deteriorate over the next three months.
Wellington, July 15 NZPA - After opening slightly firmer today, the New Zealand sharemarket returned to the negative and by midday was at a new three-year low.
(Eds, correcting H4064, changing to Fisher & Paykel Healthcare in para three and Fisher & Paykel Appliances in para four)
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