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NZ dollar falls as signs of US economic growth underpin demand for greenback

NZ dollar falls as signs of US economic growth underpin demand for greenback

By Tina Morrison June 5 (BusinessDesk) – The New Zealand dollar fell as signs of a pickup in US economic growth spurred demand for the greenback. The kiwi dropped as low as 79.63 US cents early this morning, dipping below 80 cents for the second time in a week, and recently tr...

04 Jun 2013
While you were sleeping US equities drop

While you were sleeping US equities drop

By Margreet Dietz June 5 (BusinessDesk) - Wall Street slumped as investors locked in profits in anticipation of a potential downgrade to the US Federal Reserve's US$85 billion-a-month bond-buying program. In late afternoon trading in New York, the Dow Jones Industrial Average d...

04 Jun 2013
Dairy product prices fall 5.3 percent , third straight decline, on GDT platform

Dairy product prices fall 5.3 percent , third straight decline, on GDT platform

June 5 (BusinessDesk) - Prices of dairy products fell for the third auction in a row, continuing to ease from April’s record highs as volumes increase and the effects of drought wash out of the supply chain. The GDT-TWI Price Index fell 5.3 percent compared to the last sale two...

04 Jun 2013