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NZ dollar reaches new 9-mth high as Fed extend QE, ties low rates to unemployment
Dec. 13 (BusinessDesk) – The New Zealand dollar rose to a new 9-month high after the Federal Reserve extended its quantitative easing programme and tied the end of record low interest rates to a targeted drop in unemployment. The kiwi dollar rose to 84.51 US cents from 83.90 ce...
While you were sleeping Fed comes to the rescue
By Margreet Dietz Dec 13 (BusinessDesk) - Wall Street advanced after Federal Reserve policy makers said they are extending and expanding their efforts to stimulate growth in the world's largest economy. "The Committee remains concerned that, without sufficient policy accommodat...
Summerset, Metlifecare join NZX 50, ousting NZ Refining, Goodman Fielder
Dec. 12 (BusinessDesk) - Retirement village operators and developers Summerset Group and Metlifecare will join the stock exchange's benchmark NZX 50 Index next week, replacing Goodman Fielder and NZ Refining. Summerset, with a market cap of $474.8 million, and Metlifecare, val...
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