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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...
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...
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...