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NZ dollar drops 1% as Fed more upbeat about US economy; RBNZ awaited

NZ dollar drops 1% as Fed more upbeat about US economy; RBNZ awaited

By Tina Morrison Oct. 30 (BusinessDesk) - The New Zealand dollar dropped 1 percent after the Federal Reserve was more upbeat about the outlook for the US economy than expected in its policy statement this morning, strengthening the greenback. The kiwi dropped as low as 78.2...

29 Oct 2014
While you were sleeping: Fed ends asset purchases

While you were sleeping: Fed ends asset purchases

By Margreet Dietz Oct. 30 (BusinessDesk) - Wall Street and US Treasuries fell, extending earlier losses, after Federal Reserve policy makers ended its monthly bond-buying program and signalled they saw “sufficient underlying strength in the broader economy.” “Labour market...

29 Oct 2014
Scottish transport entrepreneur Souter launches ManaBus.com long-distance bus operator

Scottish transport entrepreneur Souter launches ManaBus.com long-distance bus operator

By Fiona Rotherham Oct. 29 (BusinessDesk) - Competition has increased in the long-distance bus market with the launch today of a new city-to-city express service, ManaBus.com. Prices for the new service, which plans to operate five new express routes between eight North Isl...

29 Oct 2014