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While you were sleeping: Creeping to record high
By Margreet Dietz May 29 (BusinessDesk) - The Standard & Poor’s 500 Index crept to a fresh intraday record high as investors await the second estimate of US economic performance in the first quarter, scheduled to be released on Thursday. A preliminary estimate showed the US...

MARKET CLOSE: NZ shares rise; Mainfreight gains on earnings; Telecom, Tower climb
By Suze Metherell May 28 (BusinessDesk) - New Zealand shares rose, pushing the NZX 50 Index to,the highest in almost two weeks, after Mainfreight posted a 36 percent jump in earnings and the local bourse joined a global rally sparked by upbeat US manufacturing data. The ben...

NZ dollar weakens as business sentiment continues to slide, Fonterra payout cut
May 28 (BusinessDesk) - The New Zealand dollar weakened after a survey showed business confidence fell for a third month, while Fonterra Cooperative Group confirmed expectations by cutting its milk payout forecasts for this season and the next. The kiwi was trading at 85.36 US...