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While you were sleeping ECB surprises with rate cut
By Margreet Dietz Nov. 8 (BusinessDesk) - Equities on both sides of the Atlantic fell, and bond prices rose, after a surprise interest rate cut by the European Central Bank underpinned the struggle of the euro zone economies to recover. The euro slumped, sliding as much as 1.6...
MARKET CLOSE NZ shares fall as Chorus slide continues, Xero loses steam
By Paul McBeth Nov. 7 (BusinessDesk) - New Zealand shares fell today as uncertainty over Chorus’s future extended the network operator’s slide and as Xero’s rally to new highs ran out of steam. The benchmark NZX 50 index fell 21.877 points, or 0.4 percent, to 4922.691, having...
NZ dollar stumbles ahead of US employment data
By Paul McBeth Nov. 7 (BusinessDesk) - The New Zealand dollar fell from its two-week high ahead of US employment figures on Friday, which are seen as a bellwether on the pace of recovery in the world’s biggest economy. The kiwi fell to 83.54 US cents at 5pm in Wellington from...
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