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Albert Brantley appointed as head of Otakaro Limited

Albert Brantley appointed as head of Otakaro Limited

Albert Brantley, the former Chief Executive Officer of Genesis Energy, has been appointed as the head of Christchurch rebuild agency Otakaro Limited.

New Zealand dollar rose above 70 US cents

New Zealand dollar rose above 70 US cents

According to the latest data released, the New Zealand dollar rose above 70 US cents for the first time in around ten months amid speculation that the Federal Reserve might not raise interest rates and the Reserve Bank will not reduce its benchmark rate.

The New Zealand dollar rose to as high as 70.02 US cents and traded at 69.97 cents this evening in on from 69.21 cents yesterday. The trade-weighted index reached 73.50, which is the level recorded on 26 February, compared to 73.06 yesterday.

In New Zealand Farm Dairy Farm Prices Slipped in the March Quarter

In New Zealand Farm Dairy Farm Prices Slipped in the March Quarter

Real Estate Institute of New Zealand said that the price of dairy farms continued to drop in the first quarter of 2016.

According to the institute, average sales price per hectare for dairy farms dropped to $33,897 when compared to $36,687 in the three months till Feb and $37,761 in the March quarter, last year. The institute said the average dairy farm size in the March quarter was 121 hectares.

The Dairy Farm Price index scaled 4.3 percent in the March quarter but slipped 15.9 per cent when compared to the same period one year ago.

Inflation Rate Low in the March Quarter Mainly Due to Low Petrol Prices

Inflation Rate Low in the March Quarter Mainly Due to Low Petrol Prices

Inflation increased a little in the quarter that ended in March as cheaper fuel prices were balanced with higher cigarette prices.

In the first quarter of the year, the Consumers Price Index increased 0.2 percent overturning the decline of the earlier quarter's 0.5 percent.

G-20 nations to act tough on tax heavens

G-20 nations to act tough on tax heavens

The representatives of the Group of 20 largest economies in the world have indicated that they will take strict actions against nations that act as tax heavens and fail to comply with the standards of the global financial system.

Uber fights crackdown with five days of free rides in Argentina

Uber fights crackdown with five days of free rides in Argentina

Globally popular rideshare company, Uber has announced that it will offer five days of free rides to its customers as the company faces a strict crackdown by the authorities in Argentina.

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