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NZ dollar holds near 7-week high as fed stimulus underwhelms, GDP looms
By Hannah Lynch June 21 (BusinessDesk) - The New Zealand dollar held near a seven-week high after the Federal Reserve extended its stimulus measures less than some traders expected and ahead of figures expected to show a modest pickup in the local economy. The New Zealand doll...
While you were sleeping: Fed move disappoints
By Margreet Dietz June 21 (BusinessDesk) - Wall Street showed disappointment with the Federal Reserve’s limited help to bolster the tepid pace of growth in the world’s largest economy, even as Chairman Ben Bernanke promised policy makers were ready to do whatever needed. "We ar...
MARKET CLOSE: NZ shares fall as F&P Healthcare sinks on strong kiwi dollar, dividend
June 20 (BusinessDesk) - New Zealand shares fell, led by Fisher & Paykel Healthcare, which shed its dividend as a seven-week high for the New Zealand dollar eroded investors' confidence in local companies that sell their products into other markets. The NZX 50 index fell 35.59...
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