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English flags 'challenge' to budget surplus
By Jonathan Underhill Finance Minister Bill English is warning next month's half yearly fiscal and economic update from the Treasury may not forecast a budget surplus, saying that returning the government's accounts to surplus in 2015 will be "a challenge", given the decline i...
While you were sleeping: Eyes on Fed, retailers rally
By Margreet Dietz Nov. 20 (BusinessDesk) - Wall Street slipped, pushing the Dow and the S&P 500 down from their record-high closes the previous day, as investors awaited guidance on the timing of an interest rate increase by the US Federal Reserve. The Fed is set to releas...
MARKET CLOSE: NZ shares gain on hunt for yield; Meridian, MRP rise
By Suze Metherell Nov. 19 (BusinessDesk) - New Zealand shares rose, paced by Meridian Energy and MightyRiverPower, as investors chased stocks with relatively attractive yields. Fonterra Shareholders' Fund gained after dairy prices fell. The NZX 50 Index rose 17.028 points,...
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