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NZ dollar jumps above 74 US cts as US Treasury secretary jawbones greenback
By Paul McBeth Jan. 25 (BusinessDesk) - The New Zealand dollar jumped above 74 US cents for the first time since September after US Treasury Secretary Steven Mnuchin talked up the trade benefits of a weaker greenback, while Commerce Secretary Wilbur Ross said his nation was re...
While you were sleeping: Wall St, US dollar slide
By Margreet Dietz Jan. 25 (BusinessDesk) - The US dollar dropped while Wall Street fell, giving up gains that had pushed the benchmark stock indexes to record highs earlier in the day, after US Treasury secretary Steven Mnuchin encouraged a weaker greenback. "Obviously a we...
Livestock Improvement Corp first-half profit drops 22% on cost of transforming business
By Paul McBeth Jan. 24 (BusinessDesk) - Livestock Improvement Corp posted a 22 percent slide in first-half profit as the farmer-owned herd genetics cooperative ramped up spending to overhaul its business, which it says is vulnerable to the same disruption other industries face...