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While you were sleeping US holiday sales disappoint

While you were sleeping US holiday sales disappoint

By Margreet Dietz Dec 27 (BusinessDesk) - Shares of retailers including Sears and Saks led Wall Street lower as shoppers kept a lid on spending amid concern about the impact of the so-called fiscal cliff as the year-end deadline draws ever closer. A measure of American holiday...

26 Dec 2012
CORRECT NZ spending rises 2.6 percent in Christmas week from 2011 as Canterbury bounces back

CORRECT NZ spending rises 2.6 percent in Christmas week from 2011 as Canterbury bounces back

(Fixes names of Paymark CEO in third paragraph) Dec. 24 (BusinessDesk) - New Zealanders spent 2.6 percent more in the week leading up to Christmas this year than they did a year ago, due mainly to a resurgent Canterbury region that wasn't reeling from yet another earthquake. R...

24 Dec 2012
NZ dollar edges lower as US fiscal cliff talks become Christmas Grinch

NZ dollar edges lower as US fiscal cliff talks become Christmas Grinch

Dec. 24 (BusinessDesk) - The New Zealand dollar edged lower in abbreviated local trading as stalled negotiations to stave off US$600 billion in tax hikes and Federal spending cuts erode investor optimism the day before the Christmas holidays. The kiwi fell to 82.15 US cents at...

24 Dec 2012