Thursday , April 26 2018
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Huljich loans Pushpay $4 million to fund US growth plans

Pushpay Holdings, the NZAX-listed mobile payment app developer, has secured a $4 million funding line from cornerstone shareholder the Huljich family as it chases earnings growth in the US. Christopher & Banks Private Equity V, an investment vehicle for the Huljich family, have loaned the Auckland and Redmond-based company the cash on “arm’s …

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A2 gets approval for ASX listing

A2 Milk Co, the milk marketing company chasing a dual-listing across the Tasman, has issued an information memorandum to would-be Australian investors after gaining preliminary approval to list on the Australian stock exchange. The Auckland-based company’s application to list on the ASX has been approved in principle but is yet to finalise …

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World Week Ahead: Will the Fed remain patient?

The key focus in the coming days will be how the US Federal Reserve tweaks its monetary policy position, and what that means for the timing of an interest rate increase. Last week, the US dollar continued its ascent in anticipation of a lift in rates, rising to the highest …

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Cheap oil to boost NZ national income by $2.4 bln a year, RBNZ says

New Zealand’s national income is expected to get an annual boost of about $2.4 billion as the fight between new energy producers and the Organisation for Petroleum Exporting Countries for market share keep global oil prices low, according to the Reserve Bank. Last year’s 50 percent slump in the price …

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Tepid inflation surprise raises spectre of lower interest rates

Any further downward surprises in New Zealand’s already tepid pace of consumer inflation may warrant an interest rate cut, the Reserve Bank says. Governor Graeme Wheeler left the official cash rate unchanged at 3.5 percent, while stripping out any projected hikes from the bank’s forecast horizon as a slump in …

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RBNZ’s Wheeler keeps OCR on hold, no rate hikes ahead

The Reserve Bank has removed the prospect of future interest rate hikes from its forecast horizon as a strong kiwi dollar and cheap oil hold down inflation, and the central bank ponders whether to lower its assessment of where “neutral” interest rates should be. The kiwi dollar gained after the statement. Governor …

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