NZ dollar recovers some ground after Friday's sell-off as risk appetite revives
By Jonathan Underhill Sept. 19 (BusinessDesk) - The New Zealand dollar recovered some ground from Friday's sell-off as investors regained some of their risk appetite and resumed the hunt for yield. The kiwi traded at 72.97 US cents as at 5pm in Wellington, up from as low as...
NZ Farming Systems Uruguay to cut ties with NZ, posts biggest loss since Olam took control
By Jonathan Underhill Sept. 19 (BusinessDesk) - NZ Farming Systems Uruguay, set up by New Zealand investors in 2006, is to cut ties with the country after delivering its biggest-ever loss to owner Olam International of Singapore. Olam has retained a New Zealand registration...
NZ dollar falls as stronger US inflation pushes greeback to highest in more than 2 weeks
By Jonathan Underhill Sept. 19 (BusinessDesk) - The New Zealand dollar fell after figures showed US inflation was twice as strong as expected last month, driving the US dollar index to its highest in more than two weeks on expectations the Federal Reserve will hike interest ra...
World Week Ahead: Finally, Fed week
By Margreet Dietz Sept. 19 (BusinessDesk) - The US Federal Open Market Committee’s two-day policy meeting, ending on Wednesday, will be the focus of global attention in the coming days as investors fret whether the central bank will raise interest rates now or later. Inves...
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