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NZ dollar firms on US vote, traders await Chinese data
Jan. 24 (BusinessDesk) – The New Zealand dollar firmed slightly on approval of a temporary increase in the US debt ceiling, which came after a mixed session overnight. The kiwi was at 84.18 US cents at 8am, up from 84.05 cents at 5pm. It traded as high as 84.41 cents overnight....
While you were sleeping Temporary relief for US debt
By Margreet Dietz Jan 24 (BusinessDesk) - Wall Street extended gains after the US House voted in favour of a plan that allows the Treasury to borrow beyond the US$16.4 trillion limit until May 19 to avoid the threat of default. Republicans are seeking cuts to spending in return...
MARKET CLOSE Positive New Year tone rumbles on
Jan 23 (BusinessDesk) – New Zealand shares eked out another rise as the broadly positive tone since New Year continued, with substantial volumes noted in some key stocks. The NZX50 Index was up 0.64 points, or 0.01 percent, to 4187.72. Within the index, 23 stocks rose, 14 rose...
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