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NZ dollar falls as US non-manufacturing index jumps, ADP jobs drop as expected
By Jonathan Underhill Oct. 5 (BusinessDesk) - The New Zealand dollar fell as an index of the US non-manufacturing sector jumped, underpinning confidence in the economy, while a measure of private payrolls fell as expected in the wake of hurricane disruptions. The kiwi decl...
While you were sleeping: Wall St creeps to record highs
By Margreet Dietz Oct. 5 (BusinessDesk) - Wall Street inched higher, touching fresh record highs, as better-than-expected data on US service industries underpinned optimism on the economic outlook. An Institute for Supply Management report showed its non-manufacturing index...
Too many still stuck in default options as KiwiSaver funds top $40B, FMA says
By Sophie Boot Oct. 5 (BusinessDesk) - KiwiSaver assets have topped $40 billion as more New Zealanders save for their retirement but the Financial Markets Authority remains concerned about Kiwis' financial literacy and "disappointing" progress in encouraging users out of defau...
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