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While you were sleeping Strong US GDP, jobs
By Margreet Dietz Dec 6 (BusinessDesk) – US stocks and bonds fell after reports showing the American economy grew faster than initially estimated during the third quarter, while weekly jobless claims unexpectedly dropped, putting investors on notice the Federal Reserve might cha...
NZ dollar slips to four-day low against Euro after ECB moves to neutral stance
By Tina Morrison Dec. 6 (BusinessDesk) – The New Zealand dollar slipped to a four-day low against the euro after the European Central Bank indicated it has moved to a more neutral stance after cutting interest rates last month. The kiwi dropped as low as 59.77 euro cents early...
MARKET CLOSE NZX 50 falls to 2-month low, Infratil, Chorus, Meridian drop
Dec. 5 (BusinessDesk) – New Zealand shares fell, pushing the NZX 50 index to a two-month low, as Infratil dropped in the wake of its buyback, Chorus suffered from the uncertainty around regulated price cuts, and Meridian Energy and MightyRiverPower declined. The NZX 50 dropped...
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