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While you were sleeping Stocks up ahead of Fed
By Margreet Dietz June 18 (BusinessDesk) - Wall Street advanced, though gave up some of its earlier gains, following a Financial Times report that US Federal Reserve Chairman Ben Bernanke will signal the central bank is close to easing its US$85 billion-a-month bond-buying progr...
MARKET CLOSE NZ shares gain as pockets of value seen; Michael Hill, Contact rise
June 17 (BusinessDesk) – New Zealand shares rose for second day after the NZX 50 Index’s slide from its mid-May record high gave investors confidence there were ‘pockets of value’ emerging in a relatively expensive market. Michael Hill International and Contact Energy gained....
NZ dollar gains as investors await local data, Fed meeting
By Paul McBeth June 17 (BusinessDesk) - The New Zealand dollar extended its gain against the greenback from the tail-end of last week ahead of data which will likely augur well for the local economy and as the US Federal Reserve prepares to review monetary policy. The kiwi ros...
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