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MRP is likely to be the biggest share float in New Zealand and Australia till date. There will be a 49% sell down of MRP and it also the Government’s intention to follow it up with two other state-owned generators – Genesis and Meridian. The more people that are unemployed, the less the public as a whole will spend on goods and services. The company’s software for managing corporate governance information flows, known as Diligent Boardbooks, is taking off in the US, boasting more than 46,000 users, with its total of 1,615 licenced public and private companies, almost double the number using the product a year earlier.
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The substantial recent fall in the New Zealand dollar would also help offset reduced returns to exporters from weaker global commodity and export prices. The New Zealand dollar is heading for a 1.3 percent weekly decline against its Australian counterpart as data this week shows an improving economy across the Tasman.
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