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While you were sleeping: Health care stocks rise
By Margreet Dietz June 23 (BusinessDesk) - Wall Street moved higher as oil prices recovered while investors assessed the health-care bill released by Senate Republicans. In 11.27am trading in New York, the Dow Jones Industrial Average rose 0.2 percent, while the Nasdaq Com...

MARKET CLOSE: NZ shares rise led by Xero, Contact Energy, Westpac
By Sophie Boot June 22 (BusinessDesk) - New Zealand shares rose, led by Xero which was spurred on by a rally in tech stocks on Wall Street, while blue chip stocks including power company Contact Energy and dual-listed listed bank Westpac Banking Corp also gained. The...

NZ dollar gains as RBNZ's bid to talk down currency falls short of expectations
By Rebecca Howard June 22 (BusinessDesk) - The New Zealand dollar rose after the Reserve Bank kept the official cash rate at 1.75 percent and efforts to talk down recent strength in the currency was seen as relatively soft. The kiwi gained to 72.52 as at 5pm from 72.25 US...