Saturday , July 21 2018
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New Zealand

NZ dollar gains after Australian business conditions lift, RBNZ looms

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The New Zealand dollar rose ahead of the Reserve Bank’s statement on Thursday and after an Australian survey showed improving business conditions even while business confidence fell, giving traders more confidence economic growth across the Tasman won’t collapse. The kiwi rose to 62.76 US cents as at 5pm in Wellington, from 62.67 cents late …

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Kim Dotcom et al seek further delay to extradition

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Kim Dotcom and his fellow Megaupload co-accused have again sought to delay their extradition fight with the US, claiming natural justice has been denied as they’re unable to pay for expert witnesses outside New Zealand. In the Court of Appeal Justices John Wild, John Fogarty and Jillian Mallon reserved their decision, while Justice Wild said they were “presented …

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Shake-up ahead for mobile and online content providers in major NZ telecoms review

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New Zealand’s government has commenced the biggest review of the telecommunications and broadcasting markets since the advent of the internet with today’s release by Communications and Broadcasting Minister Amy Adams of a discussion paper for public submissions. “Regulating Telecommunications for the Future” kicks off a full review of the Telecommunications Act 2001 to …

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Ossis targets UK market to expand sales of 3D titanium implants

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Ossis Ltd, which uses 3D printing technology to custom design titanium implants for patients with severely damaged bones and joints, is expanding outside of Australasia to the UK. The Christchurch-based company this year doubled monthly sales of the implants to four or five across New Zealand and Australia. It’s now in talks with a UK distributor to enter that market …

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NZ wool trades at record high amid tight supply

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By Tina Morrison Sept. 4 (BusinessDesk) – New Zealand wool is trading at record high prices, pushed up by strong demand and limited supply, though the outlook is murky. The price for clean 29-micron wool changed hands at a record $10.45 a kilogram at yesterday’s North Island auction, up from $9.95/kg at …

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BNZ grows worried about ‘near-recession’ as Key talks economy up

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The Bank of New Zealand is increasingly concerned the economy is grinding to a halt following today’s confirmation in the ANZ Bank Business Outlook survey of slumping business confidence. “As each day passes, the likelihood of our alternative scenario, of an economy stumbling to near-recession, increases,” said head of research Stephen …

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