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Wheeler hikes OCR to 3 percent on inflationary pressures, eyes kiwi influence on import prices
By Paul McBeth April 24 (BusinessDesk) – Reserve Bank governor Graeme Wheeler lifted the official cash rate for the second time in as many months, saying non-tradable inflationary pressures were "becoming apparent" in an economy that’s picking up pace and he's watching the impa...
While you were sleeping Wall Street slips
April 24 (BusinessDesk) – Wall Street fell as disappointing earnings from companies including AT&T made investors cautious in a market trading near record highs. Later on Wednesday, Apple and Facebook are scheduled to report their quarterly results. In afternoon trading in Ne...
NZ dollar little changed before RBNZ interest rate decision as traders mull outlook
By Tina Morrison April 24 (BusinessDesk) – The New Zealand dollar was little changed ahead of the Reserve Bank decision on interest rates today as traders await clues to the pace of the tightening cycle. The kiwi was steady at 85.92 US cents at 8am in Wellington from 85.94 cent...
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