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While you were sleeping: Creeping to record high

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...

28 May 2014
MARKET CLOSE: NZ shares rise; Mainfreight gains on earnings; Telecom, Tower climb

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...

28 May 2014
NZ dollar weakens as business sentiment continues to slide, Fonterra payout cut

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...

28 May 2014