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While you were sleeping Fed delivers
By Margreet Dietz Sept 14 (BusinessDesk) - US Federal Reserve policy makers made good on a promise to help revive the world's largest economy with a plan for open-ended asset purchases and by pledging to keep its key interest rate at a record low until at least mid-2015. At the...
MARKET CLOSE NZ shares fall, paced by Tower, PGG Wrightson before Fed
By Hannah Lynch Sept. 13 (BusinessDesk) - New Zealand shares fell, nudging the NZX 50 Index from the highest in more than four years, on bets stocks have risen enough to account for any extra stimulus the Federal Reserve should announce this week. Tower and PGG Wrightson dropped...
NZ dollar gains in anticipation of Fed's QE3, RBNZ pushes out timeline for rate hikes
By Paul McBeth Sept. 13 (BusinessDesk) - The New Zealand dollar rose in local trading in anticipation the Federal Reserve will start printing more money to spur the US economic recovery, and after the Reserve Bank of New Zealand pushed out its path towards higher interest rates....
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