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While you were sleeping: Wall St inches to records

While you were sleeping: Wall St inches to records

By Margreet Dietz May 9 (BusinessDesk) - Wall Street was mixed, after climbing to record highs earlier in the day, following the French presidential elections. In 3.16pm trading in New York, the Dow Jones Industrial Average inched 0.01 percent lower, while the Nasdaq Compos...

Margreet Dietz 08 May 2017
MARKET CLOSE: NZ shares join global rally; Air NZ, Port of Tauranga gain

MARKET CLOSE: NZ shares join global rally; Air NZ, Port of Tauranga gain

By Rebecca Howard May 8 (BusinessDesk) - New Zealand shares pushed higher, led by Air New Zealand and Port of Tauranga, as the local bourse joined a global rally after Emmanuel Macron was elected president of France with a business-friendly vision of European integration. T...

Rebecca Howard 08 May 2017
NZ dollar gains as geopolitical fears wane, stoking risk appetite, demand for yield

NZ dollar gains as geopolitical fears wane, stoking risk appetite, demand for yield

By Jonathan Underhill May 8 (BusinessDesk) - The New Zealand dollar rose as waning geopolitical concerns revived investors' risk appetite and demand for growth-linked currencies offering higher returns. The kiwi dollar rose to 69.23 US cents as at 5pm in Wellington from 69....