World Week Ahead: Rate pace focus
By Margreet Dietz Dec. 7 (BusinessDesk) - While a better-than-expected jobs report all but confirmed a US interest rate increase this month, investors this week will eye a speech by St Louis Fed President James Bullard as well as a report on American retail sales as the r...
NZ commodity prices fall in November, led by weak dairy
By Tina Morrison Dec. 4 (BusinessDesk) - New Zealand commodity prices fell in November, led lower by weak dairy prices. The ANZ Commodity Price Index slid 5.6 percent in November, snapping two months of gains. The index is 15 percent below year earlier levels. November's...
NZ dollar slumps against euro after ECB stimulus misses expectations
By Tina Morrison Dec. 4 (BusinessDesk) - The New Zealand dollar slumped against the euro after the European Central Bank failed to ease monetary policy as much as expected following its meeting yesterday. The kiwi dropped to 60.87 euro cents at 8am in Wellington, from 62.72...
Auckland house prices accelerate in November while volumes decline, Barfoot says
By Tina Morrison Dec. 3 (BusinessDesk) - Auckland house price growth accelerated in November, although the volume of sales declined, according to the city's largest realtor. The average sale price increased 4.2 percent to $876,075 in November from October, the biggest month...
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