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NZ dollar at 3-year high, TWI surges to record as higher rates lure investors
By Tina Morrison June 27 (BusinessDesk) - New Zealand's trade-weighted currency index touched a record 81.67 and the kiwi reached a three-year high as the nation's relatively attractive yields in a global environment of low interest rates lured overseas investors. The trade...
While you were sleeping: Fed’s Bullard scares Wall Street
By Margreet Dietz June 27 (BusinessDesk) - Wall Street slid after a US Federal Reserve official fuelled concern that the central bank might raise interest rates sooner than anticipated. In an interview with Fox Business Network, St Louis Fed President James Bullard said the...
MARKET CLOSE: NZ shares rise on Port of Tauranga deal
By Jonathan Underhill June 26 (BusinessDesk) - New Zealand shares gained as Port of Tauranga rose to its highest level this year after inking a deal with the Fonterra and Silver Fern Farms-led Kotahi logistics venture guaranteeing minimum volumes across its wharves. Hallenstei...
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