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7.5 Magnitude Earthquake Hits New Zealand

Wellington Buildings To Undergo New Round Of Earthquake Checks

Building owners in Wellington were ordered to have further inspection on their properties to check on the damages of last month's earthquake.

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New Zealand’s Wine Regions Lose Millions Of Dollars

New Zealand’s Wine Regions Lose Millions Of Dollars

The recent earthquake that hit New Zealand badly affected the country's prime regions, resulting to the loss of millions of liters of wine and damages to storage vats. The wine industry will be facing a challenging year but the government had stepped in to assist the affected wineries.

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Earthquake Struck New Zealand—Wine Regions

New Zealand Hit by Earthquake

The wine region was hit by an earthquake giving it damages on its products.

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PM and Brownlee To Visit Quake Affected Regions

PM and Brownlee To Visit Quake Affected Regions

7.5 magnitude quake hit near Hanmer Springs in North Canterbury, New Zealand and was followed by a series of strong aftershocks.

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A Weight Coach Is Ready To Inspire Others After Losing 42kg

A Weight Coach Is Ready To Inspire Others After Losing 42kg

Abby Smeaton is the new coach in Weight Watchers for Whanganui after she has lost 42kg.

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Million Dollar Prices Become The Norm As Auckland Property Market Soars

Crown Finance Launches Freedom Home Loans

New Zealand home buyers have the new option for home loan. On Tuesday Crown Finance Limited launched its Freedom Home Loans.

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Craig Birchall, a Domino's Pizza franchisee

Domino's Pizza Introduces Its Delivery Robot, DRU

Domino’s Pizza has unveiled an exciting way to deliver their hot and sumptuous pizza. The pizza chain introduces Domino’s Robotic Unit or DRU, which can hold up to ten pizzas and travels at 20 km/h.

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Finance Minister Bill English Delivers Post Budget Speech

New Zealand can sustain low inflation according to Finance Minister Bill English

According to Bill English, New Zealand can sustain low inflation as the central bank aim to reduce borrowing costs, if needed. New Zealand is hoping to achieve economic stability amid the global financial crisis.

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Andrew Robb

Breakthrough in Trans Pacific trade talks

After five years of negotiations, 12 Pacific nations are about to conclude on a free trade agreement (FTA) as these countries have arrived on an understanding on Trans Pacific Partnership (TPP) deciding monopoly on new biotech drugs.

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French farmers

Food prices at its lowest in 6 years: Here are the reasons why

The UN FAO reported low food price index - the lowest in six years. If the situation persists, the price drop will be welcomed by consumers globally, which is also beneficial for poor countries. But the plentiful supplies of these products may also have a negative impact for farmers with prices not enough to cover for production costs.

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China's export

China's July exports slump 8 percent, raises pressure for more stimulus

Chinese exports tumbled 8.3 percent in July, their biggest drop in four months and far worse than expected, reinforcing expectations that Beijing will be forced to roll out more stimulus to support the world's second-largest economy.

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Greece

As Greece lurches toward default, businesses hit the wall

When construction of four 6.5 billion euro toll roads across Greece resumed last year, Greek and foreign businesses rejoiced.

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European Central Bank

Euro, bond yields tumble as ECB hints at faster buying pre-summer

The euro tumbled on Tuesday and the region's stocks and bonds jumped after the European Central Bank suggested it may speed up its 1 trillion euro bond-buying campaign slightly to account for lower market liquidity in high summer.

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US Dollar Notes

Dollar pushes higher, eyes on inflation data

The dollar clawed its way higher on Monday, recovering from almost four-month lows reached late last week on another surprisingly bad round of U.S. economic data.

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Currency

Euro jumps past $1.14 as U.S. economic worries grow

The dollar fell on Thursday to its weakest against a basket of major currencies since the European Central Bank announced a program of quantitative easing in January, hit by growing concern that the U.S. economy has not just been suffering from a winter chill.

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